$LTC
Litecoin ($LTC) is showing bearish momentum as it struggles to hold above the $100 resistance level. The price recently tested the $100-$102 zone and faced heavy selling pressure, indicating strong resistance. On the 1H and 4H charts, LTC is trading below the EMA 20 and EMA 50, suggesting that short-term sellers are in control. RSI is hovering around 42, pointing toward weak bullish energy and room for further downward movement. Immediate support lies at $94, followed by a stronger zone at $90, making these levels potential take profit targets for shorts. A break below $90 could open the path toward $85. For risk management, a stop loss above $102 would protect against sudden bullish spikes. Overall, the technical setup favors short positions with controlled risk.
Suggested Trade Setup
Trade Type: Short
Entry Price: ~$98
Stop Loss: 102
Take Profit 1: 94
Take Profit 2: 90
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