$LTC Current price: 88.85 USDT.
The price touched MA(99) at 88.00 – a fairly strong resistance area.
The most recent candle has a long upper wick, indicating selling pressure around the 89.00 area.
Volume has started to increase slightly but not dramatically -> a sign that buyers are not overwhelming.
There is a pullback structure towards the MA(99) after a strong drop from 99 -> 83.
This is a pattern often seen before the next drop.
🚨Attention Needed:
- MA(7) crosses above MA(25), the recovery is gaining slight momentum.
- If the next candle closes above 89.2 – 89.5, it may break resistance -> unfavorable for Shorts.
- If BTC and the entire market are strongly green, LTC may pull up to the 90 – 92 area.
OPEN Short $LTC :
Entry: 88,xx.
SL: 90.
TP: 86 - 80.
Vol: 1-3%.
This is a personal opinion and not an investment call or FOMO.
