$LTC BEARISH MOVE LIKELY IN SHORT TERM 📉⚠️
Litecoin is showing signs of weakness as it hovers around $85.28, slightly down from the previous 24h high of $88.49. Sellers appear to be gaining momentum. Let's break down the technicals:
📊 KEY LEVELS TO WATCH:
🔼 Resistance Levels:
$88.50 (Major Resistance)
$87.00 (Minor Resistance)
🔽 Support Levels:
$84.50 (Immediate Support)
$82.00 (Strong Support)
Current Price: $85.28
📉 TRADE SETUP: SHORT ENTRY
Entry: $85.00 - $85.30
Target 1: $84.50
Target 2: $82.00
Stop Loss: $87.00
Reason: Price has rejected the $88.50 zone and is forming lower highs, signaling possible downward continuation. Volume supports a bearish move. Confirmation below $85 may trigger sell-off.
🛡️ RISK MANAGEMENT:
Risk only 1-2% of your capital.
Always use a stop loss to protect from unexpected spikes.
Avoid over-leveraging. Stay patient and disciplined.
⚠️ Bearish bias remains valid unless LTC breaks and closes above $88.50 with strong volume.
📌 Stay sharp, trade smart!
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