Family, today let's talk about the current fluctuations of Litecoin (LTC). We'll take August 6, 2025, as a reference point and analyze from multiple perspectives including the latest market dynamics, technical indicators, and fundamental factors, to provide some insights for those interested in investing.

First, let's look at key price levels. The high point of $124.23 on August 5 is a resistance level, and it's also a psychological barrier that many investors are watching. There's also the Fibonacci extension level at $131, which is another hurdle. On the support side, the 24-hour low of $118.13 and the $110.70 balance point, which was previously a resistance level, now has switched roles and has become a support level that should not be underestimated.

Next, let's discuss the chip distribution. The $110 - $120 range has become a new area of concentrated positions. On August 5, Litecoin's market cap increased by $220 million, reaching $9.29 billion, indicating that a significant amount of capital was actively buying in this price range, showing strong support.

Now, let’s talk about operational strategies, primarily focusing on buying the dips and supplementing with chasing breakouts. Pay close attention to the competition at the $118 support level and the $124 resistance level. If the $118 support holds, there will be momentum for further price increases; if the $124 resistance level is broken, it could likely kick off a new round of upward movement. If the favorable ETF news truly materializes, the mid-term target can be seen above $150, which is quite promising.

Finally, let me share LTC Hao's operational guide for today: consider going long around $115 - $117, initially targeting $120.33, and then further aiming for $123.82. However, the market changes rapidly, so everyone must be cautious when investing, analyze more, and observe closely. I wish everyone success in their investments! #LTC