LITECOIN..1H chart pattern..Here's a quick breakdown of My LITECOIN (LTCUSD) SELL setup:
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🔻 Trade Idea: SELL LTCUSD
Current Price: $90.25
Resistance: $92.00
Target 1: $86.00
Target 2: $83.00
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🔍 Technical Interpretation
You're looking to short Litecoin near:
A resistance zone at $92.00, which may have acted as a rejection point in recent sessions.
Downside targets indicate you're expecting a short-term pullback or continuation of a bearish move.
Potential Chart Pattern (Implied):
Possibly a lower high forming near $92.
Could be a bear flag or a failed breakout setup.
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📊 Risk-Reward Estimate
Assuming:
Stop-loss: $92.50 (just above resistance)
Entry: $90.25
Target 1: $86.00 → Reward = $4.25
Target 2: $83.00 → Reward = $7.25
Risk: $2.25
Target Reward R:R
$86.00 $4.25 ~1.9:1
$83.00 $7.25 ~3.2:1
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⚠ What to Watch For
Price Reaction at $89.50–90.00: Minor support may form here — need confirmation of breakdown.
Volume Decline on Rallies: Suggests weakening buying power.
Bearish Confirmation Candles: (e.g., shooting star, engulfing) near resistance will strengthen your short bias.
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Would you like a visual chart with this setup marked or a combined multi-asset crypto short watchlist including BTC & LTC?
