Short trade setup for $LTC /USDT! Here’s a quick recap and some additional insights based on the latest market information:🚨📉
Current Market Overview
Current Price: $84.09 (▲ 0.65%)
Market Structure:
Forming lower highs and lower lows on the 15M chart.
Failed to hold above the $85.00 resistance.
Recent candle shows strong bearish rejection near mid-range.
Key Levels
Resistance: $85.68 (24H High)
Support: $83.02 (24H Low)
Breakdown Confirmation: Below $84.00
Trade Setup$LTC
Entry Zone: $84.00 – $84.50
Take Profit Levels:
TP1: $83.50
TP2: $83.00
TP3: $82.50
Stop Loss: $85.50
Additional Insights
Recent analysis indicates that LTC faced a strong rejection from the $88.36–$88.60 resistance zone, and it's currently trading around $85.06. If the price breaks below $84.00 with volume, it could lead to a swift downside movement, making it an ideal scenario for scalpers.
Buy and trade here on $LTC