What’s up, traders! Here’s a high-probability short setup forming on Litecoin (LTC/USD) based on clear supply and demand dynamics. Let’s break it down:
Chart: 15-Min | Coinbase
Price: $101.07
Change: +0.08%
Key Observations:
Supply Zone Hit: Price has tapped into a clear supply zone around 101.53, historically a sell-heavy area.
Strong Rejection Wicks: Previous tests of this zone have seen sharp rejections, and we are seeing signs of the same behavior now.
Bearish Scenario:
Entry Idea: Potential short from current levels or on second touch of 101.50+.
TP1: 99.78 – first support and recent range midpoint.
TP2: 97.85 – strong demand zone with visible buy pressure.
Bull Trap Possibility: Fast pump into resistance with weak follow-through may signal smart money distribution.
SL Zone: Above 101.70 (invalidation of supply).
Indicators Used:
LuxAlgo Supply & Demand
Price Action
Candlestick Wicks & Structure
Bias: Bearish short-term, unless price closes above 101.70 on strong volume.
Are you shorting this LTC rally or waiting for confirmation? Drop your take in the comments!
#Litecoin #LTCUSD #CryptoTrading #ShortSetup #SupplyZone #TechnicalAnalysis #PriceAction #TradingView #ScalpSetup #DayTrading
Trade active
LTCUSD hit Take profit 1 and Take profit 2 
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Disclaimer
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