$LTC — Sellers Still in Control After Rejection at Dynamic Resistance

Short LTC

Entry: 70.10 – 70.60

Stop Loss: 71.40

Take Profit: 68.80 – 67.50 – 66.20

$LTC pushed into the 71 area and was instantly rejected, confirming strong sell pressure from overhead supply. The bounce was only corrective, stalling below short-term EMAs and failing to reclaim prior intraday structure. Momentum has rolled back over, and follow-through buying is missing on every minor pullback. Market structure remains heavy as price trades below the recent rejection zone.

This setup shows sellers dominating, and the path of least resistance points lower.

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