The whales' data show a "liquidity hunting" operation underway after breaking the currency $LTC to the important psychological support level of $70.00. The price is currently trading on the Binance Futures platform near $68.79, recording a rapid decline of about 1.77% over the past few hours. Long positions are currently being liquidated as the price heads toward the daily low at $68.59. Given the neutral RSI indicator and the price consolidation below the previous support area, the most likely trend is a continuation of the decline toward the next liquidity area at $67.20.

LTC
LTCUSDT
60.35
+1.19%

Trade details:

Direction: Sell (Short) 🔴

Entry: $68.80 – $69.40 (retesting the broken $70 area)

Take profit: $67.25 (the primary liquidity target)

Stop loss: $70.20 (above the psychological resistance and daily high)

Leverage: Medium (10x - 20x)

Risk warning: High volatility. A sudden recovery to $70.00 may lead to a "squeeze of short positions."