📉 LTC/USDT Technical Analysis: Bearish Rejection at Resistance
Litecoin ($LTC
is currently exhibiting a "Sell-the-Rally" structure. After a brief rebound from the $51.00 support, the price has faced a strong rejection near the $53.80 resistance zone.
🔍 Market Insights:
Trend: Price is compressing under the EMA99, indicating strong overhead supply.
Structure: A Lower High (LH) has formed on the 4H chart, showing fading bullish momentum into the supply zone.
Outlook: As long as the price stays below $54.00, the distribution phase remains active.
📉 Trade Setup: SHORT
🔴 Entry Zone: $53.20 – $53.50
🔴 Stop-Loss (SL): $54.00 (Above local resistance)
Take-Profit (TP) Targets:
1️⃣ TP1: $52.30
2️⃣ TP2: $51.50
3️⃣ TP3: $50.80
⚠️ Risk Note:
Invalidation: A sustained candle close above $54.00 invalidates this short thesis and may shift the structure back to a bullish continuation.
Execution: Always pre-define your risk before entering. Use appropriate leverage according to your capital.
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