POSITION: 🔻SHORT
📍Coin: $LTC /USDT
🔻 Entry Range: 84.6000 – 86.1500
🔧 Leverage: 20x
🎯 Targets:
1️⃣ 83.9000
2️⃣ 83.1000
3️⃣ 82.4000
4️⃣ 81.7000
5️⃣ 80.9000
6️⃣ 80.1600
🛑 Stop Loss: 88.6000
📊 Technical Analysis:
RSI (14): Near 68–70, showing overbought pressure — hints at potential pullback.
MACD: Bearish divergence building; histogram momentum fading.
Resistance Zone: Strong rejection seen around 86.00–86.50 on 4H timeframe.
Candlestick Pattern: Bearish engulfing near resistance, suggesting reversal pressure.
🔎 Summary:
The current LTC/USDT setup indicates a weakening bullish move. A rejection from resistance paired with RSI overbought and bearish MACD signals offers a high-probability short entry. Stick to risk management with the stop-loss at 88.6000.