$LTC USDT – BEARISH MOMENTUM BUILDING, BE READY FOR A POTENTIAL DROP!
#Litecoin ($LTCUSDT) is currently trading at $84.50, reflecting a -2.38% decline. The price action shows clear bearish momentum, with lower highs and a strong rejection from the $88.00 zone. Increased selling pressure and recent failed attempts to break higher confirm that sellers are currently in control.
Key Levels:
Resistance Zones:
$88.00 – Strong resistance from previous highs
$87.52 – Intermediate resistance
Support Zones:
$84.00 – Immediate support
$82.00 – Next major support, critical for continuation
$80.00 – Psychological round number and historical level
Current Price: $84.50
🔻Trade Setup: SHORT Position
Entry: $84.50 - $85.00 (on slight retracement or consolidation)
Target 1 (TP1): $82.00
Target 2 (TP2): $80.00
Stop Loss (SL): $87.00
📊 Market Outlook:
The chart structure indicates a clear downtrend with increasing selling volume. Unless bulls reclaim $88 with strong momentum, bears are likely to push price toward the $82 and $80 levels. Momentum indicators also point downward, suggesting more downside is probable.
⚠️ Risk Management:
Use only 1–2% of your capital on this trade. Place stop loss firmly above recent highs to avoid being trapped by false breakouts. Avoid over-leveraging in a volatile environment.
