$LTC
Litecoin is not looking healthy right now. After failing hard near the 81 area, price sold off fast and instead of bouncing back with strength, it is now moving sideways in a weak and slow way. That kind of behavior usually means sellers are in control and they are quietly distributing into every small bounce.
I’m watching the zone between 75.2 and 76.2 for short entries. This area lines up with the broken structure and the moving average cluster that price is now stuck under. When price stays below this zone, every bounce looks more like a chance for sellers to step back in rather than a real recovery.
On the downside, 73.1 is the first place where price can react. If selling pressure continues, 70.8 becomes the next target. The final target at 68.5 would be a full continuation of this bearish move.
The stop at 78.4 is there to protect the idea. If price gets back above that level and holds, it means sellers have lost control and the setup is no longer valid.
As long as Litecoin stays below 76 to 77, the bias remains short. I’m not interested in trying to catch bottoms here. Capital preservation comes first, and right now the path of least resistance still points lower.
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