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$LTC – Lower high confirmation following local peak rejection with bearish momentum emerging
Trade Setup: Short $LTC
• Entry Zone: 55.8 – 56.3
• Target 1: 54.8
• Target 2: 53.9
• Target 3: 52.5
• Stop Loss: 57.2
Price action has printed a clear lower high formation following rejection from the localized top, signaling a transition toward bearish territory. The inability to reclaim higher ground suggests selling pressure is gaining traction, positioning the asset for potential continued depreciation toward progressively lower support thresholds. Risk parameters are defined above the supply zone at 57.2.
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