📉 $LTC : Bearish Rejection at HTF Resistance Imminent? 📉
$LTC is consolidating below critical HTF resistance, mirroring a potential $BTC pattern. Price is testing the 200 SMA zone amidst a dominant downtrend, with the 1H chart showing weak structure.
Technical Picture:
• Trend: Firmly bearish. Price is below declining EMAs (20, 50, 200).
• Momentum: RSI at ~31 signals oversold but no reversal confirmation. MACD histogram negative.
• Key Confluence: Major resistance cluster at $65.73 - $66.52 (EMA20). A rejection here is likely.
My Strategy Prediction: BEARISH. Expect a rejection at the $65.73 - $66.52 resistance zone, targeting a move lower toward key supports.
Key Levels:
• Entry Point: After rejection near $65.73
• TP 1: $59.68
• TP 2: $55.00 (Critical Support)
• STOP-LOSS: Above $66.52
#LTC #BTC #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
