Hey Striver 👋
💧 Litecoin is at a crossroads. After struggling under resistance and breaking out of a bullish wedge to the downside, the path now favors a clean drop. Time to play reactive, not hopeful.
$LTC is trading near $85, down about -0.24% intraday, with daily volume around $305M. Technical gauges are flashing caution: weekly indicators show strong sell bias, daily MA cluster leans bearish, and LTC broke down from a rising wedge — classic break-and-drop behavior.
🎯 Trade Plan (Short)
• Entry: $85.00 – $86.00
• TP1: $82
• TP2: $80
• SL: $88.00
🔍 Key Notes:
Litecoin hit resistance near $85–$86 and failed to hold its bullish structure. RSI remains under 50, while MACD prints bearish momentum. Daily technical indicators across most timeframes point to continued weakness. A failed bounce attempt above $86 triggers short entry, with $82and $80 as clear downside targets. Stop is tight at $88 to control risk.
✅ Final Verdict:
Best move now is to short. The setup is aligned, the structure is clean, and the downside is open. No confusion — this is a clear trade.
Structure first. Execution second. Hype never.
👉 Like sharp calls like this? Stick around — next one’s already loading ⚡️
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