$LTC

USDT BEARISH PULLBACK – SELLERS TAKING CONTROL BELOW 90.00

Litecoin is showing signs of weakness after failing to hold above the key resistance zone near $92.00-$92.30, leading to a sharp rejection and current bearish candles forming. The price is now hovering at $88.65, indicating sellers are dominating intraday momentum.

🔑 Key Levels:

Resistance: $90.00 – $92.30

Support: $86.90 (24h low), further major support near $85.00

Current Price: $88.65

🎯 Trade Setup (Short):

Entry: Between $88.50 – $89.20 (on any minor pullback)

Targets (TP):

TP1: $87.00

TP2: $85.50

Stop Loss (SL): $90.50 (above recent rejection zone)

📊 Market Outlook: Momentum is shifting bearish after a strong rally failed to sustain above the psychological $92.00 level. If $88.00 breaks with volume, further downside towards $85.00 is expected. Watch for quick retests to enter short positions with defined stops.

⚠️ Risk Management: Always risk only 1-2% per trade with disciplined stop-loss placement. Avoid chasing entries without confirmations to protect capital in volatile sessions.

💭 Comment 🐻 if you see further downside ahead.

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