$LTC: Smart Money Distribution Visible on $LTC On-Chain Data
SHORT SETUP LTC
Entry: $62.6000 - $62.6600
Stop Loss: $65.1352
Take Profit: $57.6196 (2R)
Key Levels: Support $62.1700 | Resistance $64.1200
Technical Analysis for $LTC: RSI at 24.8 and Stochastic K below 4 show deep oversold conditions, yet price sits under the 9, 21, 50 and 200EMA, confirming bearish bias. MACD is negative with a widening histogram, and ADX above 30 signals a strong downtrend. Orderbook imbalance leans toward bids, but momentum remains down. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and mixed on the daily, while the broader market is broadly negative with 86.5% red
SHORT $LTC
SHORT SETUP LTC
Entry: $62.6000 - $62.6600
Stop Loss: $65.1352
Take Profit: $57.6196 (2R)
Key Levels: Support $62.1700 | Resistance $64.1200
Technical Analysis for $LTC: RSI at 24.8 and Stochastic K below 4 show deep oversold conditions, yet price sits under the 9, 21, 50 and 200EMA, confirming bearish bias. MACD is negative with a widening histogram, and ADX above 30 signals a strong downtrend. Orderbook imbalance leans toward bids, but momentum remains down. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and mixed on the daily, while the broader market is broadly negative with 86.5% red
SHORT $LTC