$LTC the trend remains downward, but oversold conditions near support 69.61 may trigger short-term consolidation or a weak rebound
Recent K-line data shows elevated volume during the drop (1.49M at 65.27 low), confirming selling pressure. Current volume is subdued, suggesting consolidation.
Capital Flow: Contract net outflow is significant (-49.97M USDT over 24h), indicating strong selling pressure from leveraged positions. Spot net outflow (-4.95M USDT over 24h) is less severe but still bearish. Short-term flows (e.g., -5.64M USDT for 1H) align with ongoing selling.
Entry $LTC :
• Consider short positions on a rejection at Resistance level 71.1 or a break below Support 69.61 with confirmation (volume increase).
• For longs, wait for a clear reversal signal above 71.1 with supporting volume.
Stop-Loss: for a short at 71.1, stop-loss at 73.5; for a long at 69.7, stop-loss at 67.5
Target Price $LTC :
• For shorts, aim for Support level 68.89 or next support zone at 68.09
• For longs, only consider if price breaks above Resistance level 71.93, targeting next resistance zone 72.6
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