Entry: 71.85 🟩
Target 1: 68.60 🎯
Stop Loss: 79.40 🛑
Litecoin is facing heavy downside pressure as selling momentum accelerates. Exchange data shows a sharp rise in deposit activity, signaling continued distribution by large holders. Market depth is thinning on the bid side, making price more vulnerable to fast drops.
$LTC has failed to reclaim the $75–$76 demand zone and is now trading below both the 20-day and 50-day EMA. RSI remains weak with no bullish divergence in sight, while volume spikes on red candles confirm aggressive selling. Momentum indicators suggest bears still have control.
Unless bulls step in with strong volume, the downside remains open. A liquidity sweep toward the $68.60 area looks increasingly likely. Trend remains bearish until key resistance is reclaimed.
This is not financial advice.
#LTC #CryptoMarket #altcoins #TradingSetup #RiskManagement 🔥
