$LTC spikes to $93.70 from $80.99, but pulls back to $88.61, hinting at a potential deeper correction due to rejection near the top and consecutive red candles. Here's a potential short trade setup:
- *Entry Zone:* $88.40 – $89.00
- *Target Prices:*
- TP1: $85.20
- TP2: $82.70
- TP3: $80.90
- *Stop-Loss:* Above $91.00
The weakening MACD histogram and profit-taking surge suggest a breakdown might be likely. Wait for confirmation before entering the trade.