Technical analysis by tradecitypro about Symbol LTC: Sell recommendation (11 hour ago)

👋 Welcome to TradeCityPro! Let’s move on to the analysis of LTC, one of the oldest cryptocurrencies in the market, which is currently ranging inside a daily consolidation box. 🌐 Bitcoin Overview Before we begin, let me remind you once again that at your request, we’ve moved the Bitcoin analysis section to a dedicated daily report — allowing us to analyze Bitcoin’s trend, dominance, and overall market sentiment in greater depth each day. In the daily timeframe, LTC has been moving within a range for quite some time. However, this time price failed to reach the key resistance at $131 and got rejected earlier than expected — a sign of weakening buyer momentum. After this early rejection, price pulled back toward $102.36, and that retest pushed the market further down toward the major support at $82.64, where price is currently reacting. This zone represents the final chance for buyers to hold the structure. If price loses this support, we are likely to see a continuation of the downtrend, targeting the next major level at $68.95. For buyers, entering a new position only makes sense if price successfully finds support at this level and forms a new bullish structure. Otherwise, as long as LTC is trading below $102.36, we should avoid taking long positions and wait for clearer confirmation. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️