Friends, Yang Ge is here today to chat with everyone about Litecoin (LTC). Recently, its performance in the market has indeed caught quite a bit of attention.

First, let's talk about its ability to resist declines. On August 5th, many cryptocurrencies were adjusting, but LTC increased by 8.5% against the trend, even breaking through the 120 mark. This is no small movement; it’s clear that there is substantial capital backing it up, and the support is indeed strong, indicating that market confidence in it hasn’t wavered.

Next, let's look at the actions of the whales. Recently, large transaction volumes have visibly surged, with the average transaction size increasing from 45,000 to 54,000. This data doesn’t lie; it’s evident that large funds are quietly entering the market to accumulate positions, and we need to keep a close eye on such capital movements.

There’s also a big piece of news to mention: the probability of LTC's spot ETF approval is reportedly as high as 84%. This is not to be taken lightly. If it gets approved, the door for institutional funds to enter will be wide open, and it could potentially ignite a new market trend. In the long run, this is definitely a significant positive development.

However, let’s get back to reality; the current price is in a position where it’s “too high to buy and too low to sell.” Yang Ge must remind everyone not to chase after prices impulsively. It’s better to miss out on these short-term fluctuations than to get stuck in a position. Holding cash is the safest bet, and when the price corrects, opportunities will naturally arise.

In terms of specific operations, Yang Ge suggests a reference: if it pulls back to around 117.7 to 118.1, consider going long, aiming first for a target at 119; if it breaks through, then look towards around 119.9. But remember, the market is currently very volatile and uncertain. Before entering, make sure to think clearly about how much risk you can bear—be cautious, and don’t blindly follow the crowd!

In short, there are plenty of potential opportunities for LTC, but timing is crucial. Keeping a steady mindset is essential for navigating the cryptocurrency space successfully. #LTC📈