š» $LTC SHORT SETUP: Bears Eyeing Deeper Lows!
Litecoin just broke below short-term support, forming a bearish engulfing candle near $88.30. Price rejected from the $89.27 resistance zone and is now heading toward the lower demand area. This setup hints at a strong short opportunity if momentum holds.
š¹ Trade Setup (15m Chart):
⢠Entry: $88.30
⢠Take-Profit: $86.39
⢠Stop-Loss: $89.27
⢠Risk/Reward Ratio: ~2.2
š¹ Market Snapshot:
⢠Resistance: $89.27
⢠Support: $86.39
⢠Trend: Short-term bearish pressure building
š Momentum favors sellers. Watch for volume confirmation below $88 for stronger conviction.
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