$LTC Faces Heavy Long Liquidation: What’s Next?
A wave of $6.29K in long liquidations has just struck Litecoin at the $95.75 level. This signals a crucial rejection zone and a potential shift in market sentiment. But is it fear—or opportunity?
Here’s a detailed breakdown:
Current Sentiment:
The sudden long liquidation indicates that bullish positions were over-leveraged around the $95.75 mark. Smart money might be shaking out weak hands before the real move.
$LTC Price Strategy and Trade Plan
Buy Zone:
$89.00 to $91.20
This zone offers a strong accumulation range near a prior support structure and psychological threshold. Wait for confirmation with volume bounce or bullish divergence.
Stop Loss:
$86.80
Below this level, the structure breaks down and sellers gain complete control. Preserve capital if the trend fails.
Target 1:
$95.75
The liquidation level itself acts as a magnetic point. If buyers step in, price could revisit this zone quickly.
Target 2:
$99.80
The next supply barrier. Breaking this opens room for even stronger upside.
Target 3:
$105.00
A critical resistance level from earlier cycles. If momentum carries here, LTC could break into a new rally phase.
Final Word:
This recent liquidation flush might just be the shakeout before a significant upside rally. $LTC technical structure is forming a bullish base—traders who remain patient and strategic could benefit the most from this volatility.
Watch the buy zone closely. The storm might just be the signal before the breakout.