Litecoin $LTC Update: Sharp Long Liquidation Spotlights Opportunity

A notable $1.05K long liquidation occurred at $122.14, signaling a brief correction in momentum. This could be a strategic moment to evaluate positions.

Technical Levels:

Support: $120.50 โ€” strong cushion to watch for price stabilization.

Resistance: $125.00 โ€” the immediate ceiling that must be overcome for bullish continuation.

๐Ÿ“ˆ Market Insight:

The recent liquidation indicates some profit-taking but buyers remain interested near support. If LTC can hold above $120.50, itโ€™s likely to retest resistance soon.

๐ŸŽฏ Trading Plan:

Entry Point: Consider adding near $121.00โ€“$122.00 on signs of buying strength.

Target Zones: $125.00 first, then $128.00 if momentum builds.

Exit Strategy: Set stop-loss just below $119.50 to manage risk.

Keep an eye on volume spikes and price action for confirmation of the next directional move.

Stay alert, and trade smart!

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