$LTC Structure Still Looks Heavy Under HTF Resistance 📉
LTC keeps rejecting from the upper trendline resistance, and the Daily structure still looks weak overall. The chart has now respected this rising channel resistance multiple times, with sellers stepping in aggressively near 55–60 on every major push. Current price action still favors lower highs and fading momentum rather than strong bullish continuation. RSI also rolled over again after failing to sustain strength near the recent local top.
Right now, I’m more interested in SAFE MODEL shorts from premium resistance instead of forcing longs inside this weak structure. The ideal setup comes after another liquidity sweep into resistance followed by bearish rejection, displacement, and weak reclaim behavior. As long as LTC stays below the upper channel and fails to reclaim HTF resistance, the probability still favors rotation toward deeper discount liquidity near 49 and potentially 45 over time.
Analysis by Leo524