🔻 $LTC SHORT SETUP: Bears Eyeing Deeper Lows!
Litecoin just broke below short-term support, forming a bearish engulfing candle near $88.30. Price rejected from the $89.27 resistance zone and is now heading toward the lower demand area. This setup hints at a strong short opportunity if momentum holds.
🔹 Trade Setup (15m Chart):
• Entry: $88.30
• Take-Profit: $86.39
• Stop-Loss: $89.27
• Risk/Reward Ratio: ~2.2
🔹 Market Snapshot:
• Resistance: $89.27
• Support: $86.39
• Trend: Short-term bearish pressure building
📉 Momentum favors sellers. Watch for volume confirmation below $88 for stronger conviction.
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