$LTC #LTC 📉
Direction: SHORT
Entry zone: 50.5 to 51.2
Stop loss: 52.0
Target 1: 49.6
Target 2: 48.5
Litecoin is trading near 51.02 dollars, down 0.54 percent in 24 hours and down 6.12 percent in 7 days, inside a range of 49.63 to 51.68 dollars, with 203.3 million dollars of 24 hour volume, and the recent closes show sellers keeping price pinned low, 50.96, then 51.06, then 51.12, then 51.22, then 50.98. 🔴 My reading is that LTC is in a steady down move, because a 6 percent weekly drop with closes drifting lower on a red evening is momentum, not noise, and the last close at 50.98 after a push to 51.22 tells me sellers are defending the top of the range. A short from the current zone, with a stop above 52.0, targets 49.6 first and then 48.5 if sellers break toward the range low. A push above the stop 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 break 49.6 first, or bounce back above 52.0? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 50.5 to 51.2
Stop loss: 52.0
Target 1: 49.6
Target 2: 48.5
Litecoin is trading near 51.02 dollars, down 0.54 percent in 24 hours and down 6.12 percent in 7 days, inside a range of 49.63 to 51.68 dollars, with 203.3 million dollars of 24 hour volume, and the recent closes show sellers keeping price pinned low, 50.96, then 51.06, then 51.12, then 51.22, then 50.98. 🔴 My reading is that LTC is in a steady down move, because a 6 percent weekly drop with closes drifting lower on a red evening is momentum, not noise, and the last close at 50.98 after a push to 51.22 tells me sellers are defending the top of the range. A short from the current zone, with a stop above 52.0, targets 49.6 first and then 48.5 if sellers break toward the range low. A push above the stop 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 break 49.6 first, or bounce back above 52.0? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
