Bearish Setup on $LTC /USDT – Short Trade Opportunity
LTC is currently trading at $118.44, showing weakness after repeated rejection from the upper zone around $122. The price structure on the 15m chart indicates a potential continuation to the downside, with sellers holding strong control below resistance. A short entry setup is forming as the price fails to sustain bullish momentum.
Entry: $118.40
Target 1: $116.80
Target 2: $115.50
Target 3: $114.70
Stop-Loss: $120.30
Risk Management: Use 3–5% of your capital for this trade. After achieving Target 1, shift stop-loss to entry level to protect profits and reduce risk.
Pro Tip: Watch the $118 zone closely—if breakdown occurs with volume, bearish momentum could accelerate quickly toward lower targets.