🚨 #LTCUSDT : BEARISH REVERSAL CONFIRMED -
Key Evidence from Charts:
1. Technical Breakdown:
- Trading BELOW Bollinger Middle Band (91.14) → Downtrend intact.
- MACD histogram (-0.43): Accelerating bearish momentum (DIF < DEA).
- Williams %R (-70.11): Near oversold but no reversal signal.
2. Sentiment Extremes:
- 78.84% long accounts (L.S. Acco. 3.73) → Dangerous overcrowding (liquidation fuel).
- Negative OBV (-64,208): Smart money distributing despite +0.58% price bounce.
3. Volume & Structure:
- Volume BELOW MA(5)/MA(10): Weak bounce conviction → dead cat bounce.
- Rejected at 24h High (89.03) → resistance holds strong.
4. **Perp Market Bias:
- Negative basis (-0.04) & funding rate (-0.04%): **Shorts paid to hold positions.
Trade Strategy:
- Entry: 87.80 (current zone)
- Target: 83.10 (24h low) → 5.3% downside.
- Stop Loss: 89.10 (above 24h high).
> ⚠️ Critical Watch: Close above 91.14 (Bollinger MB) invalidates bearish thesis.
Confidence: 85% (Extreme long squeeze risk + technical breakdown alignment). --
TL;DR: Short LTCUSDC targeting 83.10. Stop loss 89.10. Bearish structure overwhelms weak bounce.
