$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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