$LTC Long Liquidations Soar.
A whopping $1,585.50 worth of long positions were wiped out in a swift move to $104.17.
What Happened.
Price Flash Dip: LTC hit a key liquidation level at $104.23, triggering significant long positions to close.
Traders Caught Off-Guard: The unexpected price action led to panic in the market, fueling further liquidations.
Key Technical Levels to Watch:
Current Support: $104 (critical level). If broken, $LTC could plunge further.
Resistance Zone: $108.50–$110.00. Bulls need to reclaim this zone to regain control.
What’s Next.
Bulls: This could be an opportunity for re-entry if LTC finds strong support.
Bears: Watch for further breakdowns below $104 for shorting opportunities.
Pro Tip:
Buy Zone: $102–$104 for cautious traders with tight stops.
Stop Loss: Below $101 to limit risks.
Target: $108–$110 for a potential bounce-back.
Stay sharp, and may the markets be ever in your favor.
Let me know if you'd like more analysis or help planning a strategy.
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