The old king is dead. This isn't a buy zone.

$LTC /USDT Perp — Chronic Downtrend Continues 👑

LTC is down over 50% in 6 months and can't even hold a bounce. It's grinding below all major moving averages, which are perfectly aligned bearish. Every rally gets sold. There's no reason to be a hero here.

🔴 SHORT SETUP

📌 Entry Zone:

60.50 – 62.00

🎯 Targets:

🥇 TP1: 58.00

🥈 TP2: 56.00

🥉 TP3: 54.00

🛑 Stop-Loss:

63.50 (Above the EMA cluster and local high)

Why This Could Work (trader logic only)

✅ Macro Downtrend Intact: The 1Y, 180D, and 90D charts are all deep red. No sign of reversal.

✅ Perfect Bearish Structure: EMAs (7, 25, 99) are stacked in downtrend order above price. Dynamic resistance.

✅ Low Momentum: The coin lacks any bullish catalysts. It's in a perpetual "sell the rip" cycle.

⚠️ Important Rule:

Wait for price to rally into the EMA wall and show rejection. A break above 63.50 could trigger a short squeeze towards the next resistance. This is a trend-following short on a dying asset. Be patient for the set-up.