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Litecoin's trading activity has significantly increased today. The trading volume on the 30-minute chart surged by 96.6%, with the current price around 82.29 USDT.
From a technical perspective, the key support level is at 81.91, with only 1.13% space from the current price. A broader support zone is anchored between 81.68 and 81.91.
Unusual changes in trading volume often precede market shifts. Such a sharp increase in volume usually indicates that a major fluctuation may be coming. It is recommended to watch whether LTC can hold steady at the support level. Once the support is confirmed to be effective, a rebound could be on the horizon.
From a trading standpoint, placing a long position around 81.91 is a feasible strategy. However, this depends on volume and price confirmation, and one should avoid chasing the high impulsively. The subsequent trend warrants close monitoring.