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$LTC Clear Downtrend right now. The trend is bearish, but oversold conditions may cause temporary bounces.
Price Action: The recent breakdown below 75.0 (key support) and failure to reclaim MA20 signals continued weakness. The long wick on the 69.30 low suggests some buying interest but not enough to reverse the trend.
Volume Analysis: Recent K-line data shows high volume during the drop to 69.30 indicating capitulation. Subsequent volume has been moderate, suggesting consolidation near lows.
Contract Net Flow: Large outflows over 24H (-51.08M USDT) and 7D (-138.66M USDT), indicating strong selling pressure in derivatives.
Spot Net Flow: Consistent outflows over 24H (-17.57M USDT) and 7D (-84.85M USDT), confirming bearish sentiment in spot markets.
Entry short
$LTC :
For aggressive shorts: Enter near Resistance level (72.63) or next resistance (73.30) with confirmation from bearish candlestick patterns (e.g., bearish engulfing, pin bar rejection).
For conservative shorts: Wait for a pullback to MA20 (73.55) or next resistance zone (74.09) to short with better risk-reward.
Stop Loss: if shorting at 73.3, SL at 75.5-77.0, beyond recent swing highs.
Target
$LTC : Support level at (70.38) or next support zone at (69.30). If 69.30 breaks, next support is near 67.0
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