A massive $2.9053K short liquidation took place at $103.03 for $LTC , triggering a dramatic shift in the market.
This liquidation is likely to fuel further volatility, potentially sparking a powerful rally.
Important Details:
Liquidation Amount: $2.9053K
Price of Liquidation: $103.03
Market Impact: This significant liquidation could trigger a short squeeze, sending $LTC prices surging as shorts rush to cover their positions.
Next Move:
Monitor key levels around $105 to $110 for potential resistance.
If the price pushes past these levels, a breakout could be in play.
Stay alert for signs of consolidation or a pullback at these levels, as profit-taking could drive a retracement.
Stop-Loss Strategy:
Set a stop-loss around $100 to protect against potential downward corrections.
This provides a cushion while allowing room for possible upside continuation.$LTC
Stay vigilant, as short liquidations can lead to fast price swings—both up and down.
Be ready to adjust your strategy based on how the market unfolds.