Technical Breakdown & Signal
LTC/USDT Crashes -9.80%, Testing Critical MA60 Support at 52.93 on High Volume
Signal: Bearish (At Support)
Entry Zone (Short): 52.80 - 53.00 (On a confirmed break below MA60)
Stop Loss (SL): 53.50
Take Profit Targets (TP):
TP1: 52.00
TP2: 51.00
TP3: 50.00
Reasoning:
Price ($52.91) has plunged -9.80% and is precisely testing the MA60 support level at 52.93.
Volume (1,245.51K) is significantly higher than recent averages (MA5: 668.7K), confirming strong selling pressure behind the drop.
The POW token shows deep, consistent losses across all timeframes (7D: -18.00%, 30D: -35.92%), indicating a strong downtrend.
$LTC #LTCUSDT #POW #Bearish #HighVolume #BukhariTech