Litecoin
Short
Updated

LITECOIN..1H chart pattern..

780
Here's a quick breakdown of My LITECOIN (LTCUSD) SELL setup:


---

🔻 Trade Idea: SELL LTCUSD

Current Price: $90.25

Resistance: $92.00

Target 1: $86.00

Target 2: $83.00



---

🔍 Technical Interpretation

You're looking to short Litecoin near:

A resistance zone at $92.00, which may have acted as a rejection point in recent sessions.

Downside targets indicate you're expecting a short-term pullback or continuation of a bearish move.


Potential Chart Pattern (Implied):

Possibly a lower high forming near $92.

Could be a bear flag or a failed breakout setup.



---

📊 Risk-Reward Estimate

Assuming:

Stop-loss: $92.50 (just above resistance)

Entry: $90.25

Target 1: $86.00 → Reward = $4.25

Target 2: $83.00 → Reward = $7.25

Risk: $2.25


Target Reward R:R

$86.00 $4.25 ~1.9:1
$83.00 $7.25 ~3.2:1



---

⚠ What to Watch For

Price Reaction at $89.50–90.00: Minor support may form here — need confirmation of breakdown.

Volume Decline on Rallies: Suggests weakening buying power.

Bearish Confirmation Candles: (e.g., shooting star, engulfing) near resistance will strengthen your short bias.



---

Would you like a visual chart with this setup marked or a combined multi-asset crypto short watchlist including BTC & LTC?
Trade active
trade active
Trade closed: target reached
target successful reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.