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Everyone is still buying LTC — but the 4h chart just printed a 95% short signal.
$LTC /USDT - SHORT
Trade Plan:
Entry: 42.78 – 43.00
SL: 43.93
TP1: 42.11
TP2: 41.60
TP3: 40.82
Why this setup?
Why now? 1D trend is bearish, RSI on lower timeframes is stalling near 62, and ATR compression on the 1h suggests a breakout lower. Entry zone is tight at 42.89 with TP1 at 42.11 — that’s 0.78 of downside before any major bounce. The alt scenario is invalid above 45.35, so the path of least resistance is down.
Debate:
Are you shorting LTC here or waiting for a retest of 43.93 to enter?