ltc down 😳

🚨 $LTC solid downtrend right now—no sugarcoating it. The price has been sliding steadily, and the charts aren't showing any real signs of a turnaround yet. For 1-hour timeframe, I'm going short it

Let's talk volume first: from recent K-lines, there's been a ton of action on the downside—like that big 313k volume drop at around 76.3. But when it tries to bounce back a little? Volume dries up completely. That's textbook selling pressure taking over, and it feels like we're hitting that capitulation phase where everyone just wants out.

On the capital flow side, it's not much better. There's consistent money leaving the scene in both spot and futures markets. Over the last 24 hours, we're talking about -28.9M USDT net outflow in contracts and -14.4M in spot. Even shorter timeframes, like the past hour, show -9.2M in contracts. This screams institutional and retail sellers piling on, keeping the bearish momentum alive.

For entry shorts $LTC : I'd wait for a quick pullback up to the 77.15–77.50 zone—that's hanging around the MA5 and what used to be support but now acts as resistance. If you're feeling aggressive, watch for a clean break below 75.49 (the 24h low) with some volume spike to confirm.

Stop loss wise, around 79.5 if you jump in at 77.1 (keeps you clear of the MA10 without too much risk)

Target $LTC : Aiming for 73.7, which is the Support level and lines up with the next solid support.
{future}(LTCUSDT)
Anyone seeing a reversal soon, or is this downtrend here to stay? #LTC #LTCUSDT #Litecoin