$LTC /USDT - Ascending wedge collapse! Active sell setup! ⚠️
LTC has broken its ascending support line on the 15-minute chart, confirming the descending wedge collapse pattern. The price is now rejecting lower highs, indicating weakness ahead.
🔻 Sell setup (futures):
Entry area: $86.10 - $86.30
Take profit 1: $85.50
Take profit 2: $85.10
Take profit 3: $84.99
Stop loss: $86.73
📉 Market analysis: The price has broken the trend line with strong red candles. If the momentum continues, expect a retest of the support area near $85.00.
💡 Professional tip: Wait for confirmation of a lower high or a sharp increase in trading volume before expanding. Avoid over-leveraging.