$LTC /USDT BEARS GAIN MOMENTUM — LOWER LOWS SIGNAL MORE DOWNSIDE AHEAD!
$LTC /USDT continues its descent on the 1H chart, forming a series of lower highs and lows after rejection from the $89.49 zone. The current price action shows weak buying interest, with price hovering near support at $87. A break below $86.60 could trigger further downside.
Trade Setup:
Short Entry: 87.00
Take-Profit Targets:
TP1: 85.40
TP2: 83.80
Stop-Loss: 88.30
Market Outlook:
Litecoin's bearish pressure remains intact unless price reclaims $88.50 with strong volume. Until then, trend-following shorts remain favorable as momentum tilts further in favor of sellers.
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