$LTC #LTC 📉
Direction: SHORT
Entry zone: 52.33 to 52.53
Stop loss: 53.22
Target 1: 51.38
Target 2: 50.59
Litecoin is trading near 52.43 dollars, down 6.57 percent in 24 hours, inside a range of 51.10 to 56.42 dollars, and the recent closes show a flat drift at the lows, 52.03, then 52.35, then 52.11, then 52.36, then 52.43. 🔴 My reading is that LTC is weak while the market crashes, because it fell further than Bitcoin and every close is pinned near the range low with no buyers stepping in, and that kind of stillness usually breaks down before it breaks up. A short from the current zone, with a stop above 53.22, targets 51.38 first and then 50.59 if sellers push through the range low. A rise above 53.22 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 51.38 first, or rise above 53.22? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 52.33 to 52.53
Stop loss: 53.22
Target 1: 51.38
Target 2: 50.59
Litecoin is trading near 52.43 dollars, down 6.57 percent in 24 hours, inside a range of 51.10 to 56.42 dollars, and the recent closes show a flat drift at the lows, 52.03, then 52.35, then 52.11, then 52.36, then 52.43. 🔴 My reading is that LTC is weak while the market crashes, because it fell further than Bitcoin and every close is pinned near the range low with no buyers stepping in, and that kind of stillness usually breaks down before it breaks up. A short from the current zone, with a stop above 53.22, targets 51.38 first and then 50.59 if sellers push through the range low. A rise above 53.22 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 51.38 first, or rise above 53.22? 🤔
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
