$LTC /USDT short trade signal 🚦 🛑
BEARISH SETUP: REJECTION FROM SUPPLY ZONE HINTS AT A POTENTIAL DROP!
After testing the upper supply region around $88.70–$89.00, $LTC/USDT has shown a strong rejection with a bearish engulfing structure forming near resistance. The price is now struggling to reclaim the $88.00 area, indicating weakness and setting up for a potential downward continuation.
Trade Setup:
Short Entry: $87.70–$88.40
Take Profit (TP): $85.90
Stop Loss (SL): $88.71
Market Outlook:
Bearish pressure is building as bulls failed to sustain above resistance, and volume is dropping on each recovery attempt. A clear lower high structure is forming, favoring short positions toward demand at $85.90. Sellers currently have the upper hand unless price reclaims above $89.00.
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