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Recently, Litecoin (LTC) has attracted a lot of attention. Yesterday, the 30-minute trading volume suddenly surged, with an increase of 86.3%. Such abnormal trading volume movements are often not without reason.
Currently, LTC's price is stable around 81.3 USDT. From a technical perspective, the 80.88 level forms a key support on the 1-hour chart, with less than 1% distance from the current price, indicating that this support is relatively strong. Looking downward, the range from 79.88 to 81.1 also forms a defensive line.
From the volume perspective, such sharp amplification usually indicates increasing market participation, and the trend may be brewing a new direction. For those interested in going long, you can place orders around 80.88, waiting for a rebound opportunity. Of course, volume data is just a reference; decisions should also consider your own risk tolerance.
The subsequent trend of LTC is worth close monitoring, especially if the trading volume continues to stay high during this period, which may mean preparing for a change in the market.