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Everyone is bullish on LTC right now – but the 4h chart just flashed a 95% confidence SHORT signal.
$LTC /USDT - SHORT
Trade Plan:
Entry: 45.55 – 45.75
SL: 46.62
TP1: 44.92
TP2: 44.44
TP3: 43.71
Why this setup?
• Daily trend is bearish, and 1h RSI at 61.95 is rolling over from overbought.
• ATR of 0.404 on 1h means tight stops – momentum is fading.
• Entry at 45.65 with TP2 at 44.44 gives a 2.6% risk-to-reward short.
Debate:
Is this the top before a dump to 44.44, or are we about to get faked out?