🔻 $LTC USDT BEARISH BREAKDOWN ALERT – SELLERS PRESSURE BUILDING
$LTC Litecoin is currently trading at $85.78 (-1.83%), showing weakness near support levels. The daily chart indicates a sideways consolidation with lower highs, suggesting potential downside if key supports break.
📊 Key Levels:
Resistance: $88.28 (24h High), $100.00 (Psychological)
Support: $85.16 (24h Low), $73.52 (Major support), $71.69 (Critical support zone)
💡 Trade Setup (Short):
Entry: Below $85.00 confirmation
Targets (TP):
TP1: $80.00
TP2: $75.00
TP3: $73.50
Stop Loss (SL): $89.00 (above recent resistance)
📉 Market Outlook: Momentum is weak with price rejecting resistance and holding under the $90 psychological mark. Break below $85 could trigger a sharp move down towards the $70s region. Maintain caution as market volatility remains high.
⚠️ Risk Management: Risk only 1-2% of your capital per trade. Protect profits by adjusting stops as targets are approached.