Hey, guys, today let's talk about the market of Litecoin (LTC). According to recent market data and technical analysis, the current LTC price is hovering around $119.80, and during this time, we need to be cautious while making moves, considering the short-term technicals, institutional trends, and macroeconomic factors all together.

First, let's discuss the support levels. The range from $116 to $112 is a strong support zone that has held firm several times recently. Why is it so resilient? On one hand, institutions have been quietly accumulating here, and on the other hand, the EMA moving averages are also supporting this level. However, if we accidentally break below this, a lot of stop-loss orders might get triggered in the short term, and we should pay close attention to the $105 level—this was the low in January, and on-chain data shows that many institutions made significant positions around $105, like a company that has hoarded $100 million worth of assets here, making it a reliable support base.

Now, let's look at the resistance levels. The $129 to $130 range is this week's high point, and it's also where institutions have recently taken profits after pushing the price up, with some investors planning to start selling slowly around $140. If we move upward, $136 is a key hurdle, as it’s an area with historically dense trading; if it can break through with volume, then we could see $147 to $150 in sight.

Overall, the bullish points include institutional support, expectations of halving, and potential good news from ETFs; however, risks cannot be overlooked, such as the Fed's hawkish stance, post-halving hash rate volatility, and Bitcoin's decline dragging Litecoin down with it—these need to be monitored.

Finally, today's trading guide: Hao suggests going long directly in the range of $117.52 to $119.20, initially targeting $121.55, and then looking at $124.33. Everyone should remain flexible when trading, don’t hold on too tightly, as the market can change suddenly.