Today, Litecoin's performance is worth following. It first tested the support level of 107.36, and fortunately, it did not fall below that, managing to stabilize. Previously, the drop from 111.91 surprised everyone, but now we can see buyers are working hard to prevent the price from continuing to fall.

If the price can stay above 107.5 later, there is a good chance it will rise to encounter higher resistance levels. Therefore, in terms of operation, consider buying when it retraces to 107-108. If it falls below 106, the trend may not be right, so set a stop loss at 106. After buying, just watch if it can rise to 109-111, and if it does, consider taking profits.