#MarketTurbulence Here is the support and resistance map for the LTC/USDT pair based on the latest data:
Supports
116.50: Major support, it is the last bottom, and breaking it may accelerate the decline.
113.00: Previous minor support, it may temporarily halt the decline if the price reaches it.
110.00: Strong psychological and technical support, the price has bounced from it several times in the past.
Resistances
119.30: Nearby first resistance, breaking it may indicate a short-term upward correction.
123.00: Important resistance, it is the last area the price broke before the acceleration of the decline.
126.80: Upper resistance in the short term, breaking it weakens the negative momentum.
Possible Scenario
If the price holds at 116.50 with large buying liquidity entering, we may see a rise towards 119.3 then 123.
However, if 116.50 is broken with a strong close, the decline towards 113–110 becomes likely.