$LTC
USDT BEARISH REVERSAL – SHORT OPPORTUNITY AHEAD!
Litecoin has hit a strong resistance zone near $92.35 and is showing signs of rejection, hinting at a potential short move back towards its previous demand levels. Sellers seem to be gaining control after an extended rally.
🔑 Key Levels:
Resistance: $91.26 – $92.35
Support: $88.66 and major support at $85.91
Current Price: $90.61
📊 Trade Setup (Short):
Entry: $91.20 – $92.00
Take Profit 1: $88.66
Take Profit 2: $85.91
Stop Loss: $92.35
💡 Market Outlook:
Momentum is weakening near the resistance zone after a vertical push. If price fails to hold above $91.26, a drop towards $88.66 and potentially $85.91 is likely, aligning with the broader corrective structure.
⚠️ Risk Management:
Always use stop-loss as defined. Risk only 1-2% per trade to protect your capital during potential volatility reversals.
buy and trade here on $LTC