$LTC
The price of Litecoin is rejected at resistance 53.80$ and is pressing under EMA99, forming a lower peak after the rebound from 51.00$ and losing momentum within the supply area.
Strategy:
Entry point: 53.20 – 53.50$
Stop loss: 54.00$
Targets: 52.30$ | 51.50$ | 50.80$
🔹 Important Note:
The distribution scenario remains valid as long as the price is below 54.00$. Any sustained close above this level cancels the short hypothesis and shifts the structure to an upward trend.
Risk management is essential before executing the trade.
