$LTC /USDT: MINER PRESSURE MOUNTS – SLOW BLEED TO LOWER LOWS? ⛏️🔻
Price Action: $85.41 (-2.51%) – Trading below all critical EMAs, signaling heavy bearish momentum.
Bearish EMA Formation: EMA(7) 86.25 < EMA(25) 86.61 < EMA(99) 88.37 – Trend remains firmly negative.
🔍 KEY ZONES
Resistance to Watch: $86.32 (EMA7) – Likely rejection zone if price attempts a bounce.
Support Levels:
First stop: $84.80 (24h low)
Breakdown opens $83.49 → $81.30 (next major demand zone)
📉 Volume: 27.83M USDT – No signs of strong buyer interest. Miners may be offloading into weakness.
💣 TRADE IDEA
Short Setup:
Entry: $85.40–$86.30 (on EMA7 rejection)
Stop Loss: $87.00
Targets: $84.80 → $83.49 → $81.30
💡 MARKET INSIGHT
Litecoin lacks strong narratives and is under pressure from the broader POW sector.
"LTC rarely crashes hard — it just quietly fades into the background." 🌫️
⚠️ Risk Note:
Breakouts can fake – use confirmation and volume signals.
BTC's next move remains the biggest wildcard – stay alert!
