Litecoin ($LTC ) Long Liquidation Alert.

Amount Liquidated: $8.8398K

Liquidation Price: $104.50

The crypto market has taken a sharp turn, shaking up leveraged traders! Here's what happened:

1️⃣ A significant long liquidation hit Litecoin at the $104.37 price level, erasing nearly $8.84K from bullish traders. This indicates buying pressure failed, leading to cascading stop-outs.

2️⃣ Market Sentiment:

Bearish momentum might be taking over, with prices slipping below key levels.

Liquidations like these often fuel increased volatility, so stay sharp!

3️⃣ What’s Next for $LTC

🔹 Support Zone: $100 – $102 (Critical to hold for bulls)

🔹 Resistance Zone: $110 – $112 (Bears guarding this area)

🔹 A break below $100 could trigger more liquidations, potentially leading to a retest of $95 levels.

4️⃣ Action Plan for Traders:

Keep an eye on volume and RSI for potential oversold conditions.

Consider hedging positions or setting tight stop-loss levels if entering trades.

Risk Reminder: Crypto markets are highly volatile. Manage your leverage wisely to avoid falling victim to liquidation waves.

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