$LTC #LTC 📉
Direction: SHORT
Entry zone: 50.53 to 50.73
Stop loss: 51.39
Target 1: 49.62
Target 2: 48.86
Litecoin is trading near 50.63 dollars, down 2.89 percent in 24 hours, inside a range of 49.66 to 52.29 dollars, and the recent closes show sellers pressing every small bounce, 50.90, then 50.94, then 50.87, then 50.81, then 50.63. 🔴 My reading is that LTC is drifting lower with the whole market and every push toward 52 dollars gets sold, because the market is in fear and traders are cutting risk ahead of CPI on Tuesday. A short from the current zone, with a stop above 51.39, targets 49.62 first and then 48.86 if sellers push toward the range low. A move above 51.39 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Litecoin fall to 49.62 first, or break above 51.39? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 50.53 to 50.73
Stop loss: 51.39
Target 1: 49.62
Target 2: 48.86
Litecoin is trading near 50.63 dollars, down 2.89 percent in 24 hours, inside a range of 49.66 to 52.29 dollars, and the recent closes show sellers pressing every small bounce, 50.90, then 50.94, then 50.87, then 50.81, then 50.63. 🔴 My reading is that LTC is drifting lower with the whole market and every push toward 52 dollars gets sold, because the market is in fear and traders are cutting risk ahead of CPI on Tuesday. A short from the current zone, with a stop above 51.39, targets 49.62 first and then 48.86 if sellers push toward the range low. A move above 51.39 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Litecoin fall to 49.62 first, or break above 51.39? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
