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Everyone’s bullish on LTC, but the 4h chart just screamed “reversal” at 95% confidence.
$LTC /USDT - SHORT
Trade Plan:
Entry: 44.60 – 44.72
SL: 45.21
TP1: 44.25
TP2: 43.97
TP3: 43.56
Why this setup?
- 1D trend is bearish, RSI on 15m is cooling at 62.58, not overbought yet.
- Entry at 44.66 with tight SL at 45.21—risk is defined, reward is 3:1 to TP3 at 43.56.
- Why now? The 4h MTF signal is rare at this confidence; waiting invalidates at 44.61.
Debate:
Are you fading the retail crowd and shorting LTC here, or do you think this is a fakeout before a pump to 45.35?