Litecoin Shows Temporary Bounce After Sharp Drop – Caution Ahead
Litecoin (LTC/USDT) is currently trading at $113.07, down 5.49% today. After a steep decline from above $119, price found support near $111 and is now showing a minor bounce. However, the trend remains bearish unless it reclaims $115 with strong volume. Traders should be cautious as this could be a relief rally before another drop.
Trade Setup (Short-Term):
• Entry: $113.50 – $114.20
• Stop Loss: $115.20
• Target 1: $111.00
• Target 2: $109.00
• Target 3: $106.50
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