SHORT $LTC - BREAKDOWN BELOW CRITICAL MA60 SUPPORT
Current Price: $69.34
Signal: Price has broken below the MA60 support level with sustained bearish momentum across all timeframes, indicating further downside potential.
Entry: 69.00 - 69.50
TP1: 66.00
TP2: 63.00
TP3: 60.00
SL: 71.00 (above MA60 resistance)
CHART ANALYSIS:
MA60 Breakdown Confirmed: Price trading below MA60 ($69.27) confirms loss of critical support and trend weakness.
Multi-Timeframe Bearishness: Negative returns across all timeframes (-0.55% daily to -43.08% yearly) shows consistent selling pressure.
POW Weakness: As a Proof-of-Work coin, LTC may be experiencing sector-wide challenges or reduced investor interest.
Low Volume Decline: Minimal volume on the decline suggests lack of buying interest to support the price.
Technical Downtrend Structure: Consistently lower highs and lower lows pattern confirms established downtrend.
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