Currency: $LTC
Current Price: 124.00
Trend: Short-term Rejection – Momentum Shifts to Bearish
Trade Setup – Bearish Sentiment
• Entry Zone: 124.00 – 125.50
• Stop Loss: Hold in Place & Wait for Approach to Resistance
• Targets:
🎯 Target 1: 121.50
🎯 Target 2: 118.80
🎯 Target 3: 115.60
Support and Resistance:
• Resistance: 127.00
• Support: 123.00
Market Outlook:
After reaching $129.16, LTC faced immediate rejection with a strong bearish candle on the hourly chart. If the price remains below 126-127, expect further decline as the bears take control.