$LTC: Moving Average Death Cross Signals Downward Trend for $LTC
SHORT SETUP LTC
Entry: $66.1000 - $66.2000
Stop Loss: $68.5000
Take Profit: $61.4500 (2R)
Key Levels: Support $65.7600 | Resistance $67.8700
Technical Analysis for $LTC: LTC is trading below all EMAs, confirming a downtrend. RSI 18 and Stoch K 2.9 signal deep oversold conditions, hinting at a possible bounce. ADX 44 shows the trend is strong. Orderbook shows a 28% bidside imbalance, supporting short pressure. Watch the 66.84 resistance; a break above could invalidate the short.
Market Context: BTC is down 3.1% on the 24hour chart, and the overall market is broadly negative with only 7.6% green tickers. The bearish
SHORT $LTC
SHORT SETUP LTC
Entry: $66.1000 - $66.2000
Stop Loss: $68.5000
Take Profit: $61.4500 (2R)
Key Levels: Support $65.7600 | Resistance $67.8700
Technical Analysis for $LTC: LTC is trading below all EMAs, confirming a downtrend. RSI 18 and Stoch K 2.9 signal deep oversold conditions, hinting at a possible bounce. ADX 44 shows the trend is strong. Orderbook shows a 28% bidside imbalance, supporting short pressure. Watch the 66.84 resistance; a break above could invalidate the short.
Market Context: BTC is down 3.1% on the 24hour chart, and the overall market is broadly negative with only 7.6% green tickers. The bearish
SHORT $LTC
