$LTC Short Setup: The Bears Eye Deeper Bottoms!
Litecoin's price has fallen below the short-term support level, forming a bearish engulfing candle near $88.30.
The price rejected the resistance area at $89.27 and is now heading towards the lower demand area.
This setup indicates a strong selling opportunity if the momentum continues.
Trend: Increasing short-term bearish pressure
📉 Momentum favors the sellers.
Watch for confirmation of trading volume below $88 for more confidence.
🔹 Trading Setup (15-month Chart):
• Entry Price: $88.30
• Take Profit Price: $86.39
• Stop Loss Price: $89.27
• Risk-to-Reward Ratio: ~2.2
Buy and Trade Here$LTC
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