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LTC dropped to 69.76 today, with a 24-hour low of 68.32 and a high of 74.89, falling more than 5 points directly from the high. Looking at the 15-minute chart, the price has already touched the lower Bollinger Band at 69.74, MACD shows a bearish crossover heading down, and both DIFF and DEA are below the zero line, clearly indicating short-term bears are in control. But there is some news. The Grayscale Litecoin ETF application is progressing, and there are new developments with the LitVM smart contract. The narrative of institutional visits continues; the fundamentals are intact, but the market sentiment is poor. The US Dollar Index is still holding above 101, Bitcoin and Ethereum are both consolidating, so LTC getting hit along with them is normal. However, from the start of the year until now, LTC has climbed steadily from a bottom of $39, so this weekly-level trend is still intact. I’m not chasing shorts, nor am I rushing to bottom-fish. The short-term support today is between 68 and 68.5; if volume shrinks and it stabilizes, I’ll lightly buy some longs with a stop loss below 66.5, targeting 72 first. If it breaks below 68 directly, then I’ll wait around 65 to see if there’s support. On the upside, 72 is short-term resistance; if it can’t break through, it will continue to consolidate. Only if it holds above 72 can we talk about a rebound, then look at the previous high of 74.89. At this position, don’t stubbornly chase shorts, and don’t rush to go all in on longs. Buy in batches and set your stop losses properly.