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LTC

LTC Longs Liquidated at $116.46 — Short-Term Bearish Signal

I noticed a significant LTC long liquidation: about $64.6K of long positions were closed out at $116.46.

I interpret this as short-term bearish pressure and likely stop-hunting around that price, which weakens immediate bullish momentum.

I'm staying out of fresh longs until Litecoin shows clear support or a stable rebound above this area; if trading, use reduced size and strict stops.

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Analysis

The liquidation concentrated stops near $116.46, suggesting sellers forced exits and reduced upward momentum; watch volume and price action to see if the level turns into resistance or buyers absorb t...

Recommendation

Do not buy into this move; wait for confirmed support or a clean recovery before adding longs, or consider short/hedge strategies with defined risk if expecting further downside.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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