LTC is screaming bearish right now, with the high-time-frame chart showing a clear rejection off the 54.35 level, where we've seen a sweep of the order block not once, not twice, but three times - a classic sign of institutional sellers taking control.
Technically, we're seeing a picture-perfect OB+FVG sandwich zone unfolding, with the relative strength index (RSI) sitting at 36, indicating the coin is heavily oversold, but the bears are firmly in the driver's seat. Volume is relatively light at 0.3x, but that's not uncommon when we're seeing a slow grind lower.
Here are the key trade levels to watch:
- Entry: 54.01
- Take Profit 1: 53.0257 (RR 2.9x)
- Take Profit 2: 51.5493 (RR 7.3x)
- Stop Loss: 54.3485
The SMC Score is sitting at 4.3/10, which tells me the smart money is bearish and looking to short into any strength.
I'm short $LTCUSDT, and I recommend you consider doing the same - keep your stops tight and your targets reasonable.
Follow me for more real-time analysis and trade signals.
#BinanceSquare #LTC #CryptoSignals #Futures #SmartMoney
Technically, we're seeing a picture-perfect OB+FVG sandwich zone unfolding, with the relative strength index (RSI) sitting at 36, indicating the coin is heavily oversold, but the bears are firmly in the driver's seat. Volume is relatively light at 0.3x, but that's not uncommon when we're seeing a slow grind lower.
Here are the key trade levels to watch:
- Entry: 54.01
- Take Profit 1: 53.0257 (RR 2.9x)
- Take Profit 2: 51.5493 (RR 7.3x)
- Stop Loss: 54.3485
The SMC Score is sitting at 4.3/10, which tells me the smart money is bearish and looking to short into any strength.
I'm short $LTCUSDT, and I recommend you consider doing the same - keep your stops tight and your targets reasonable.
Follow me for more real-time analysis and trade signals.
#BinanceSquare #LTC #CryptoSignals #Futures #SmartMoney