Litecoin Price action shows consolidation below overhead supply, and repeated inability to reclaim higher levels suggests downside risk could resume if bearish pressure persists. Support around $78–$75 has been tested, and deeper support near $68–$64 could come into play if selling accelerates.
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Market Structure: Bullish continuation pattern forming after recent consolidation — look for a clean pullback toward the ~$87.6K – $87.4K area before entering. Next leg up could accelerate if that zone holds
🚨 SILVER PLUNGES 10% IN MINUTES — HERE’S WHAT REALLY HAPPENED 📉
That sudden 10% drop wasn’t caused by small traders. It was the result of a forced liquidation cascade. $ZEC
Confirmed reports indicate a large financial institution failed to meet a Silver futures margin requirement around 2:00 AM, triggering an automated unwind of its position. $ZBT
This led to a $34B emergency liquidity injection and the activation of liquidation algorithms.
When a position of that size is closed under pressure, the market sells aggressively to fill the gap — explaining the sharp, rapid decline in price. $BTC
💥 Silver just broke records this Sunday! Price surged to $82/oz, up +185% YTD. It’s shaping up to be the best year for Silver since 1979. Are you watching this rocket? 🚀 $ZEC $FIL $DOGE
Reasoning: Technical indicators show a daily RSI of 37 and a flat MACD, suggesting low buying interest. While long-term "Smart Money" is active, the absence of short-term catalysts makes it difficult to overcome the overhead supply at $1.35.
🔻 Short Entry: $545.00 – $588.00 Targeting the heavy resistance zone near the 1.618 Fibonacci extension ($588) and the local November peak. Traders are watching for "exhaustion candles" at these levels, as the broader Fear & Greed Index (23 - Extreme Fear) suggests the market may not support a sustained solo rally.
⚠ Stop-Loss (SL): $635.00 Invalidates the bearish bias if ZEC achieves a daily close above $600. A breakout here would confirm an ascending triangle target of $650+, likely liquidating a large cluster of shorts stacked in the $600 zone.
🎯 Take-Profit (TP): TP1: $465.00 – $450.00 — Reversion to the recent breakout point and the 50-day EMA ($436).
TP2: $415.00 – $380.00 — Deeper downside targeting the "long liquidation cluster" if the $400 psychological floor fails to hold.
Reasoning: While the current momentum is strong, the Chaikin Money Flow (CMF) and spot outflow data suggest institutional capital may be exiting while leveraged retail drives the price up. This creates a high risk of a "bull trap" or a sharp mean-reversion move once the whale's liquidity is tapped.
ZEC recently faced significant resistance near ~$470–$480 after a pullback from recent highs, with profit-taking showing some selling pressure. A sustained break lower risks deeper retracement to support zones.
BCH is trading near resistance and mixed in momentum — no clear breakout above higher ranges recently. If BCH breaks above $640 with strong volume, this short view may be invalidated and SL protects.