I have entered 95.22

$LTC



📉 Technical Analysis Overview
LTC/USDT (Litecoin) is clearly in a downtrend on the daily chart, with price recently breaking below the key support zone (around $100-$102). Currently, the price is consolidating below this level, indicating potential further downside risk.

🔍 Key Technical Points
✅ Support Breakdown:
• The previous $100-$102 support zone has been breached and may now act as a new resistance level.
• The price is currently trading below this area. If it fails to reclaim this level, it could confirm a break-and-retest pattern, favoring further downside.

✅ Volume Analysis:
• The breakdown occurred with increased selling volume, indicating strong bearish pressure.
• If a rebound occurs but lacks volume expansion, it suggests weak buying power and a continuation of bearish sentiment.

✅ Potential Target Levels:
• If the price continues trading below $100, the next major support levels are $87.68 and potentially $79.71.
• If the price reclaims $102 with strong momentum, it could test the resistance zone between $108-$112.

🚨 Trading Strategy Suggestions
🔸 Short Strategy:
• If the price retests $100-$102 and faces rejection, it could be an opportunity to enter a short position, with a stop-loss around $102.5-$103.0 and a target towards $87.68 or lower.

🔸 Long Strategy (Cautious Approach):
• If the price closes above $102 with strong volume, traders may consider a short-term long position, setting a stop-loss below $99 and aiming for $108-$112.

⚠ Risk Warning
The market is currently bearish, and traders should closely monitor price action around the $100 key level while managing risk properly!