LTC charts a trajectory within an ascending trend channel. The lower boundary of this channel serves as a stalwart pillar of support, while the upper threshold assumes the role of a resilient resistance. Notably, LTC showcases a pattern of establishing Higher-Highs and Higher-Lows, indicating an upward trajectory. Currently, LTC is on the verge of interfacing with the lower support boundary. Diving further into LTC's support and resistance structure, a significant development surfaces: the breach of the $85 support, which subsequently metamorphosed into a barrier of resistance. This shift marks LTC's current descent. Looking ahead, the next robust support stratum for LTC is situated in the range of $73.5 to $74. Notably, this critical range converges with the lower trend line, emphasizing its potential significance. The impending intersection with this support zone carries notable weight, as it amalgamates the influences of the trend line's trajectory and the established horizontal support. By extrapolating insights from historical price fluctuations within the $85 to $74 range, the anticipation arises that LTC will gravitate toward the lower support zone by the culmination of August.