Hello everyone, I am Chanquan! I have been in the crypto circle for over 8 years, and I often say: 'In the crypto battlefield, finding gaps is not as good as waiting for opportunities; standing firm on support is the only way to break out and soar!' Today's LTC market on August 5, 2025, is the perfect interpretation of this saying.
Dear friends, let’s peel back this candlestick chart together—against the black grid background, the red and green candlesticks pulse like a heartbeat, with the real-time price of 123.20 USDT lingering at a critical point.
The委比+0.059 shows that bulls are quietly gathering strength, but the pressure at 125.00 is like a mountain blocking the way, while the key support at 120.00 acts like a safety net supporting the price.
From a technical perspective, this chart exudes a sense of 'momentum about to be unleashed'.
The yellow line marks the 'key support' at 120.00 and the 'support' at 118.00, with a solid base formed near 118.58 below; the 'pressure' at 125.00 is like a dividing line between bulls and bears, with the price being pushed back every time it approaches 125.06.
Be aware that the real-time trading price near 123.20 fluctuates frequently, with intense swings between 122.00-124.00, a typical 'weak consolidation waiting for a change'.
I firmly believe that 'consolidation is an opportunity'! I have previously mentioned that LTC always surprises you at this support level.
Today’s news adds fuel to the fire: PayPal's partnership combined with the recent dovish remarks from the Federal Reserve reveals signs of miners hoarding coins on the LTC blockchain. This means that if the 120.00 support holds, a bull counterattack is imminent.
But where is the risk? A short-term breakthrough at 125.00 is key; if it loses 120, market panic could trigger a waterfall washout. Friends, don’t be numbed by the consolidation—opportunity only favors those who dare to act!
The market is like a chess game; one wrong move can lead to total defeat.
LTC is now at a crossroads: will it break through 125.00 and take off, or will it retrace to 120.00 for a lifeline? Positive news tells me that the bulls are counting down to a breakout.
Follow the Chanquan homepage, time is of the essence, the surge point is right in front of you, dare you to grab it? Follow me, and we will break the impasse together, so you won’t get lost in the crypto world!