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Litecoin is holding near an important support level.
Currently, LTC is trading at $82.94 and is approaching the major support level of $82.37 after a 14% decline in the past week. The 4-hour range structure has not yet been broken, and the price remains stable within the lower boundary of a multi-day consolidation block.
The next key level is the resistance line at $84.68. If this is surpassed, a move towards the upper $90 area is expected. Based on the current chart structure, price movements within this 24-hour range are likely to determine the direction of the short-term trend.
As long as support is maintained, $82.37 functions as a short-term support level. Technical traders are watching for a breakout at $84.68 as the next bullish signal.