$LTC Bearish Consolidation Outlook
I’m looking for short opportunities either on a clear rejection from resistance or a confirmed breakdown below support.
Price Action & Key Levels:
The 24-hour range remains tight between 74.20–75.85, with price failing to sustain moves above 75.00. Multiple rejections in the 75.50–75.85 zone confirm strong resistance.
Recent price action shows lower highs (75.85 → 75.67 → 75.37) along with sudden sell-offs (notably the drop to 72.29), suggesting sellers are active on every bounce.
On the 1-hour timeframe, volume is gradually decreasing, signaling weak momentum. However, earlier high-volume bearish moves highlight ongoing selling pressure.
Capital Flow Analysis:
Ongoing net outflows indicate bearish sentiment across both derivatives and spot markets:
Contracts: -2.88M USDT (1H), -3.26M USDT (4H)
Spot: -604k USDT (1H)
Short-term outflows (5m–4h) clearly outweigh limited mid-term inflows (6h–8h), keeping downside pressure intact.
Short Entry Plan – $LTC:
Primary Entry: Short near 75.50–75.85 (resistance area) after confirmation via bearish 1H candle closes (pin bar or bearish engulfing).
Alternative Entry: Short on a break below 74.20 (24h low) with increased volume.
Stop-Loss:
77.50 for shorts taken near 75.50
Targets:
73.23 (key support zone), with potential for further downside continuation.
👇 Support by clicking below to trade. Cheers!
