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LTCUSDDailyBearish

Litecoin daily (SMC): sell the 52.10–53.30 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Litecoin is bearish: a bearish break of structure (BOS) at 51.02, with price now around 51.30. The 52.10–53.30 area is the main sell zone.

BiasBearishEntry zone52.60Stop loss54.40Target 149.33Target 247.00StatusActive
Invalidation: Daily close above 53.34
Litecoin daily (SMC): sell the 52.10–53.30 zone

Main scenario

  • Entry zone: 52.10–53.30 (around 52.60)
  • Stop: 54.40
  • Targets: 49.33 and 47.00
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 53.34 invalidates the main scenario and opens the way to 56.94.

Key levels

  • Resistance: 53.34, 55.69, 56.94
  • Support: 49.33, 47.00, 45.00

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.