📉 LTC/USDT Technical Analysis: Bearish Rejection at Resistance

Litecoin ($LTC

LTC

53.89

-2.21%

is currently exhibiting a "Sell-the-Rally" structure. After a brief rebound from the $51.00 support, the price has faced a strong rejection near the $53.80 resistance zone.

🔍 Market Insights:

Trend: Price is compressing under the EMA99, indicating strong overhead supply.

Structure: A Lower High (LH) has formed on the 4H chart, showing fading bullish momentum into the supply zone.

Outlook: As long as the price stays below $54.00, the distribution phase remains active.

📉 Trade Setup: SHORT

🔴 Entry Zone: $53.20 – $53.50

🔴 Stop-Loss (SL): $54.00 (Above local resistance)

Take-Profit (TP) Targets:

1️⃣ TP1: $52.30

2️⃣ TP2: $51.50

3️⃣ TP3: $50.80

⚠️ Risk Note:

Invalidation: A sustained candle close above $54.00 invalidates this short thesis and may shift the structure back to a bullish continuation.

Execution: Always pre-define your risk before entering. Use appropriate leverage according to your capital.

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