๐จ $LTC Bearish Consolidation. I'd Short with entry on rejection at resistance or breakdown below support
Price Action & Key Levels: The 24h range (74.20โ75.85) is narrow, with price struggling to hold above 75.00. Repeated rejection near 75.50โ75.85 reinforces resistance.
Recent candles show lower highs (75.85 โ 75.67 โ 75.37) and occasional sharp declines (drop to 72.29), indicating selling on rallies.
Recent 1h candles show declining volume, indicating lack of conviction in price moves. Earlier high-volume drops suggest selling pressure.
Capital Flows: Consistent net outflows in contracts (-2.88M USDT 1H, -3.26M USDT 4H) and spot markets (-604k USDT 1H) reflect bearish sentiment. Short-term outflows (5mโ4h) dominate, outweighing minor mid-term inflows (6hโ8h).
Entry short $LTC : Ideal short entry near 75.50โ75.85 (resistance zone) with confirmation from bearish 1h candle closes (pin bar or engulfing pattern)
Alternative: Break below 74.20 (24h low) with volume increase.
Stop-Loss: 77.50 for shorts entered at 75.50
Target Price $LTC : 73.23 (Support zone) or lower
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