$LTC /USDT ā BEARISH PULLBACK UNDERWAY AFTER STRONG RALLY REJECTION šØ
Litecoin surged to a daily high of $129.16 but faced immediate rejection, triggering a sharp pullback toward $123. Price action now shows consolidation around $123.50 with weakening momentum, suggesting sellers may drive a further retracement if $122 fails to hold.
š Trade Setup (Short)
Entry Zone: $123.80 ā $124.50
Take Profit 1: $121.80
Take Profit 2: $120.00
Stop Loss: $126.00
š Market Outlook:
The recent rally lost steam at resistance, and the sharp rejection candle signals short-term exhaustion. If price fails to recover above $125, downside continuation is likely with volume favoring sellers.
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