📌 Technical analysis and trading setup for LTC/USDT
The coin $LTC is trading around $48.00–$48.50, remaining under heavy pressure from the broader bearish trend amid the recent collapse of leading cryptocurrencies and a massive risk-off move in the derivatives market.
A break below $50.00 confirmed sellers’ dominance and brought the asset to test local lows.
📊 Key levels:
Resistance: $50.50–$51.50 (former support turned into a sellers’ zone)
Current range: 47.80–49.00
Support: $45.00–$47.00 (buyers’ interest and liquidity-collection zone)
💡 Trading scenario 🔻 Trend-following short
Rationale:
A corrective return to the broken level, followed by a resumption of the downtrend.
Entry zone: $50.20–$51.20
Stop-Loss: $52.50 (4H candle close above)
Take-Profit 1: 46.50
Take-Profit 2: 43.00
#LTC #Litecoin #cryptotrading #TradingSignals #LTCUSDT
The coin $LTC is trading around $48.00–$48.50, remaining under heavy pressure from the broader bearish trend amid the recent collapse of leading cryptocurrencies and a massive risk-off move in the derivatives market.
A break below $50.00 confirmed sellers’ dominance and brought the asset to test local lows.
📊 Key levels:
Resistance: $50.50–$51.50 (former support turned into a sellers’ zone)
Current range: 47.80–49.00
Support: $45.00–$47.00 (buyers’ interest and liquidity-collection zone)
💡 Trading scenario 🔻 Trend-following short
Rationale:
A corrective return to the broken level, followed by a resumption of the downtrend.
Entry zone: $50.20–$51.20
Stop-Loss: $52.50 (4H candle close above)
Take-Profit 1: 46.50
Take-Profit 2: 43.00
#LTC #Litecoin #cryptotrading #TradingSignals #LTCUSDT