$LTC/USDT TECHNICAL ANALYSIS: BEARISH REJECTION AT LOCAL RESISTANCE $LTC
MARKET OVERVIEW
The current price action on the timeframe indicates a Bearish Reversal following a failed attempt to sustain levels above the recent peak. After hitting a high of 57.66, the pair has formed a series of lower highs and lower lows, struggling to maintain momentum above the moving average. The recent candlestick formation shows significant selling pressure, suggesting a continuation of the downward trend toward previous liquidity zones.
STOP LOSS (SL): 57.85
PROFIT TARGETS (TP)
TARGET 1: 55.80
TARGET 2: 55.33
TARGET 3: 54.90
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