As of December 27, 2024, #Litecoin ($LTC

) is trading at approximately $105.60, representing a $1.58 (1.52%) increase from the previous close.

Chart Analysis:

Trend: There has been an uptrend recently, indicating positive sentiment in the market towards LTC.

Support and Resistance Levels:

Support: Around $100, which previously acted as a psychological barrier. Resistance: Around $110, where the price may face profit-taking by investors.

Trading Volume: Increasing volume confirms the strength of the current trend.

Recommendations:

For Traders: Short-term trades are possible, taking into account volatility and setting stop losses below the support level.

For Investors: Consider entering the position gradually, given the long-term potential of LTC.