#TradeLessons #FactCheck #CryptoCPIWatch #LTC/USD USDT – My Short Setup
Current Price: $101.42 (+0.80%)
24H High: $105.07 | 24H Low: $98.32
I’m spotting a solid short opportunity on $LTC. After a failed breakout near $105, the price is forming lower highs — a clear sign of bearish momentum building up.
Key Levels I'm Watching:
Resistance: $103.80
Short-Term Support: $100.20
Here’s My Short Trade Plan:
Entry Zone: $101.20 – $102.20
Target 1: $99.00
Target 2: $96.40
Target 3: $94.50
Stop Loss: $104.30
Why I'm Taking This Trade:
We're seeing bearish engulfing patterns after a weak push above $105. It looks like a classic retracement setup. I'm looking for a rejection wick near $102 before I enter — keeping risk tight just above the $104 zone.
Downtrend looks likely from here — I'm shorting $LTC before the next leg down.