đ $LTC
SHORT SETUP đ
LTC bounced off the sharp drop to $60.92 and is now drifting sideways under its 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $64.60 â $64.95
TP1: $64.00
TP2: $63.20
TP3: $62.00
SL: $65.60
đ» Why LTC is on watch:
Price ($64.02) sits just above the 7 MA ($63.98) and 25 MA ($63.69), but is still below the 99 MA ($64.98), which is sloping down and has acted as resistance since the drop from $72.25 The structure shows lower highs since the $72.25 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($63.98) is the first support, with the 25 MA ($63.69) below it. A 1H close under $63.60 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#LTC #Litecoin #cryptotrading
SHORT SETUP đ
LTC bounced off the sharp drop to $60.92 and is now drifting sideways under its 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $64.60 â $64.95
TP1: $64.00
TP2: $63.20
TP3: $62.00
SL: $65.60
đ» Why LTC is on watch:
Price ($64.02) sits just above the 7 MA ($63.98) and 25 MA ($63.69), but is still below the 99 MA ($64.98), which is sloping down and has acted as resistance since the drop from $72.25 The structure shows lower highs since the $72.25 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($63.98) is the first support, with the 25 MA ($63.69) below it. A 1H close under $63.60 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#LTC #Litecoin #cryptotrading