Massive Shakeout for $LTC

Short Liquidation: A whopping $1.8377K worth of short positions just got wiped out at $112.08.

The sudden spike in price caught over-leveraged traders off-guard, forcing them to close positions in a loss. This kind of liquidation often signals increased volatility and can act as fuel for further price movements.

Key Insights:

1. Why Liquidation Happened.

A short liquidation occurs when the price moves upward, causing traders who bet on a price drop to lose their margin. At $112.64, enough upward pressure triggered this liquidation.

2. Market Reaction:

LTC's upward momentum shows strong buying interest around current levels.

This liquidation might indicate a bullish breakout, as shorts were squeezed.

3. What’s Next for $LTC

If bulls sustain pressure, we could see a rally toward $115–$118 resistance.

Failure to maintain momentum might bring the price back to $110–$108 support.

For Traders:

If bullish: Look for entries near $112 with targets at $115 and $118, keeping a stop-loss below $110.

If bearish: Wait for rejection near $115, targeting $108–$105.

The crypto market never sleeps stay sharp and trade wisely.

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