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Why is everyone bullish on Litecoin while the 4H chart screams SHORT at 80% confidence?
$LTC /USDT - SHORT
Trade Plan:
Entry: 45.21 – 45.35
SL: 46.19
TP1: 44.60
TP2: 44.14
TP3: 43.46
Why this setup?
• LTC is sitting at a key 1H resistance level (45.28) with RSI 15min overbought at 62.17.
• Daily trend is bearish, and ATR shows volatility compression—breakdown likely toward TP1 at 44.60.
• If price rejects here, a fast move to 44.14 is on the table. The "waiting" status means the trap is set.
Debate:
Are you shorting the bounce at 45.28 or waiting for a fakeout above 46.19?