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$LTC is encountering resistance, and the strength of the rebound may begin to weaken.
Trading plan: Short $LTC Entry: 53.7 – 56.5 Stop loss: 59.0 Target price: 51.2 Target price: 48.4 Target price: 45.6
This rally is starting to look less convincing because the persistence at the resistance level is slowing down, failing to continue expanding with the same momentum.
The structure suggests that buyers may be facing absorption, while sellers are beginning to intervene in this area.
If this level can hold, rejection could lead to a broader corrective move.