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Everyone is bullish on LTC, but the 4h chart just confirmed a 95% short signal.
$LTC /USDT - SHORT
Trade Plan:
Entry: 45.09 – 45.43
SL: 46.88
TP1: 44.05
TP2: 43.24
TP3: 42.03
Why this setup?
• LTC 1D trend is bearish, and RSI on 15m is already oversold at 33.56 – momentum is exhausted.
• Entry at 45.26 with tight SL at 46.88 means risk is only 3.5% for a potential 7% drop to TP2.
• ATR volatility is low at 0.67 – this setup is primed for a sharp breakdown, not a bounce.
Debate:
Are you fading the retail crowd or stacking shorts into 44.05?