$LTC just saw a long liquidation of $10.818K at $54.09. This means many traders expecting the price to rise were forced to close their positions, creating sudden selling pressure. Long liquidations often lead to sharp drops before the market finds a strong support level.
The key buy zone to watch now is around $51.50–$52.50 if price stabilizes and volume steadies. If buyers step back in, the first target could be $57.00, and the next resistance may sit near $60.00. A careful stop loss can be placed below $50.50 to manage risk. Always trade cautiously and protect your capital.