Let's have a good chat today about the price movements of Litecoin (LTC). I'm Hao Ge, and we are analyzing based on the latest market data, combining technical analysis, fundamentals, and events. Whether you are a long-term holder or a short-term trader, you can refer to this.

First, let's talk about the key support level in the $110 - $115 range, which is the cost zone for long-term holders. If it breaks below, it may accelerate the pullback, so caution is advised. There's also $123, which is the dividing line for short-term bulls and bears; once it falls below, the downtrend is basically confirmed, and the subsequent market outlook may not be very optimistic.

Let's take another look at the resistance level at $126; this position has been tested multiple times without a breakthrough. However, if it breaks through one day, the upward channel might open up, and the price could surge. There's also the target price range of $137 - $150 for the medium term, but to reach this target, a significant breakout is necessary; otherwise, it's hard to maintain.

So how do we determine whether the market is bullish or bearish? In simple terms, if it can hold above $120, the outlook is bullish in the short term, with a chance to move upward. But if it falls below $115, everyone should be cautious, as it may very likely pull back to the $100 - $105 range.

Additionally, after the Litecoin halving, it's important to pay close attention to miner holdings. If large transfers appear on-chain, be cautious, as this may indicate changes in the market. Furthermore, the progress of ETF approvals also significantly impacts Litecoin's price movements.

Bitcoin and Litecoin are also strongly correlated. Bitcoin's $112,000 is the lifeline of sentiment in the crypto market. If Bitcoin performs well, Litecoin is likely to benefit as well; if Bitcoin struggles, Litecoin will also find it hard to stand on its own.

Finally, let me talk about today's trading guide. Consider going long around the $114.12 - $116.30 area, initially aiming for $118.15. If the momentum is good, we can look towards $121.07. However, the market changes rapidly, so everyone must be cautious during trading, set stop losses, and the preservation of capital is the most important.