$LTC : Approaching Major Support After a Sustained Downward Shift

​The price of Litecoin ($LTC) is currently trading at $74.77, registering a daily decline of -3.79%. On the 1-hour chart, the asset has trended structurally lower throughout successive sessions, slicing through minor intermediate support shelves as sell-side distribution controls the near-term momentum.

​Long $LTC
​Entry Zone: $73.50 – $75.10
​Stop Loss (SL): $71.80

​Target 1 (TP1): $77.80
​Target 2 (TP2): $80.50
​Target 3 (TP3): $83.00

​Market Analysis
​$LTC has faced steady sell-side pressure since failing to maintain traction near its 24-hour high of $78.21. This multi-hour descent has pushed the price action right down toward its immediate 24-hour low floor of $74.45. Because the downward move has become structurally overextended on the hourly timeframe, the current accumulation shelf offers an attractive risk-to-reward window for a technical counter-trend bounce.

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