$LTC Long Liquidation Update
Long positions worth $4.8024K were liquidated at $75.85, clearing weak leverage and resetting short-term structure.
Market Structure
Price is stabilizing after the liquidation sweep, suggesting sell pressure is being absorbed rather than extended. This reset keeps the bullish breakout scenario valid if demand holds.
Key Levels
Support: $75.8 – $73.9
Resistance: $78.6 → $82.4
Bullish Trade Setup
Entry: Break and hold above $78.6, or a strong reclaim from the $75.8 zone
Targets:
TP1: $82.4
TP2: $87.5
Stop Loss: Below $72.8
Market Sentiment
The liquidation flushed weak longs and improved risk conditions. If buyers step in with volume above resistance, momentum can rotate back in favor of bulls.
Bullish bias strengthens on acceptance above resistance while structure remains intact.
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