Short-Term Short Position LTC/USDT

🔥 LTC/USDT – Approaching Key Short Zone

Litecoin (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 & Setup
Chart 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)

🧠 Narrative
This 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 – 84.16
Savvy traders may anticipate a correction. A volume-backed rejection in this zone could send LTC back toward its lower support levels.

🎲 Market Context
Monitor broader market sentiment and Bitcoin’s performance; a strong BTC rally could invalidate downside expectations.

📌 Risk Management
Position 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.