$LTC Spike: $50.2K Short Liquidation at $136.22 Ignites Bullish Energy!
A notable $50.2K short position was liquidated at $136.22, signaling a surge of buying power as bears get squeezed out.
This could lead to heightened momentum, with bulls eyeing higher levels.
Trading Recommendations:
1. For Bulls:
A sustained move above $136.50 could target $140 or even $145 in the near term.
Look for pullbacks toward $136.50 as potential entry zones,
with a stop-loss below $135 to manage risk.
2. For Bears:
If $LTC fails to maintain strength above $138, expect a pullback to $135 or $132.
Short entries may be viable near $138–$139, with stops above $140.50.
Key Levels to Monitor:
Support: $135, $132
Resistance: $138, $140
$LTC is heating up—keep a close eye on breakouts and retracements to capitalize on this dynamic market!
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