$LTC FROM FAKEOUT TO FREEFALL❗❗Litecoin painted a textbook bull trap after consolidating just under the $90.97 mark, it failed to hold momentum above $87.15, triggering a sharp downtrend. The rejection at the lower high confirms bearish dominance, and the market has been making lower lows ever since. Currently, it's stuck between short-term resistance ($81.95).
This zone is crucial — a breakdown below support could send LTC into deeper territory, while a reclaim of resistance might invite relief buyers.
📉 Trade Setup (Bearish Bias)
• Entry (Short): $84.50 – $85.20
• TP1: $82.00
• TP2: $79.80
• SL: $86.00
Support: ~$81.95
Resistance: ~$85.40
Watch closely — this is a reactive zone. Momentum remains bearish unless bulls flip $86+.