$LTC Just Got Rejected — And Sellers Noticed
Litecoin pushed up into the top of the range… and got slapped back down. That reaction near the highs tells us one thing: buyers tried, but sellers were waiting. This wasn’t a breakout — it looked more like a trap above resistance.
The zone between 68.8 – 70.2 is where the rejection happened. That’s now the pressure area. As long as price stays below it, the advantage leans to the downside. Momentum slowed, wicks showed hesitation, and follow-through buying never really showed up.
Downside levels in play:
• 67.6 – First support test, expect a reaction
• 66.4 – Mid-range liquidity zone
• 65.0 – Deeper move if selling pressure expands
Risk is tight and clear. If price pushes above 71.5, the rejection idea fails and structure shifts. That’s the line where shorts are wrong.
This is a range trade, not a panic move. The idea is simple: fade the top, target the middle and lower range, manage risk strictly. No revenge trades, no oversized positions. Let the setup work — or step aside if it doesn’t.
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