Technical analysis by CryptoSheykh about Symbol LTC: Sell recommendation (4/13/2025)

🔥 LTC/USDT – Approaching Key Short ZoneLitecoin (LTC) has formed a rising wedge structure after rebounding sharply from local lows. Price now faces a critical short zone near 81.62 - 84.16, where sellers could potentially step in if LTC fails to break above with conviction.🟣 Zone to Watch“Possible Short Zone” (in purple) — a high-probability entry area for short trades given the overhead resistance and wedge convergence.Entry Points:Entry 1: ~81.62 (initial level within the wedge)Entry 2: ~84.16 (upper boundary, near resistance)📉 Momentum & SetupChart Formation: The rising wedge implies potential exhaustion of bullish momentum if price fails to continue upward. A break below wedge support often signals a bearish turn.Volume Consideration: Look for a sell-volume uptick or a clear rejection around Entry 1 or 2 or within the short zone to confirm a likely reversal.🟢 Take-Profit Zones✅ TP1: ~79.25✅ TP2: ~75.08✅ TP3: ~69.55✅ TP4: ~63.53 (Extended downside if momentum persists.)❌ Invalidation Level: 87.30+(A strong close above this level indicates a breakout from the short window)🧠 NarrativeThis setup showcases a potential bearish retest, as LTC’s swift rebound has led price into a narrowing wedge. If buyers fail to push beyond 81.62 – 84.16Savvy traders may anticipate a correction. A volume-backed rejection in this zone could send LTC back toward its lower support levels.🎲 Market ContextMonitor broader market sentiment and Bitcoin’s performance; a strong BTC rally could invalidate downside expectations.📌 Risk ManagementPosition Sizing: Trade responsibly according to your risk tolerance.❌ Stop-Loss: Place it above the invalidation level (e.g., around 87.30+ to mitigate unforeseen breakouts.Reevaluate if the market shows signs of bullish continuation beyond the wedge.