$LTC /USDT short tread single 🔴
BEARISH BREAKDOWN – WEAK MOMENTUM NEAR LOCAL LOWS!
$LTC has sharply declined from the $90.97 resistance and is now hovering just above its intraday low of $87.40. The consistent formation of lower highs and lower lows on the 30-minute chart indicates a clear bearish structure, with sellers maintaining control after multiple rejection wicks.
Trade Setup (SHORT):
Entry Price: $87.80 – $88.30
Target 1: $86.00
Target 2: $84.50
Stop Loss: $89.20
Why Short?
The pair has broken beneath key short-term support zones and failed to reclaim any bullish strength. Volume has diminished during brief recoveries, confirming buyer exhaustion. A clean retest of $88.20 followed by rejection will further strengthen the downside outlook.
Risk Management Tip:
Always respect your SL. If $89.20 is reclaimed with volume, avoid forcing shorts and reassess the trend structure.
Sell smart — don’t chase green candles when the trend is turning red!
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buy and tread here on $LTC