🚨 Litecoin ($LTC ) Update: Bearish Momentum Continues
Litecoin is currently in a clear downtrend. After breaking key support at $75, price tested $69.30, forming a long wick that signals temporary buying interest—but not enough to reverse the bearish momentum.
Volume & Flow Analysis:
High volume during the drop to $69.30 suggests capitulation.
Spot and derivatives markets show consistent outflows, confirming strong selling pressure:
Contract Net Flow: 24H: -51.08M USDT | 7D: -138.66M USDT
Spot Net Flow: 24H: -17.57M USDT | 7D: -84.85M USDT
Trading Strategy:
Aggressive Shorts: Enter near resistance $72.63–$73.30 with confirmation from bearish candlestick patterns.
Conservative Shorts: Wait for pullback to MA20 ($73.55) or resistance zone $74.09.
Stop Loss: $75.5–$77
Targets: $70.38 → $69.30 → $67 if support breaks
Overall, Litecoin remains bearish, with potential for short-term bounces in oversold conditions.
Current Price: $72.23 | Change: -4.44%
