Major Short Liquidation Spotted for $LTC

Liquidation Amount: $5,374.1

Liquidation Price: $112. 99.

The bears got caught off guard as the price pushed past $114.18, forcing short sellers to liquidate their positions. This indicates a sudden surge in bullish momentum.

What Does This Mean.

Short Liquidation: This happens when traders betting on the price going down (shorting) are forced to close their positions because the price moves higher than expected.

Impact: A wave of liquidations like this can act as fuel for more upward movement, as shorts are forced to buy back into the market, creating additional demand.

Market Insights:

Litecoin has been showing resilience in recent sessions. This liquidation could signal a shift in sentiment, potentially paving the way for further bullish action.

Next Levels to Watch:

Immediate Resistance: $116–$118

Support Zone: $112–$114 (new potential floor)

Stay sharp, traders! The battle between bulls and bears is heating up, and $LTC might just be gearing up for a breakout.

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