Litecoin has recently shown a short-term bearish technical pattern. Based on this trend characteristic, it is advisable to consider establishing short positions in stages within the 82.20-83.20 range. This area coincides with a resistance zone at a cyclical high, making it an ideal entry point.



Regarding target levels, the first take-profit target is set around 81.20, which is a key node between medium-term support and resistance. If the market continues to weaken, the second target is aimed at the 79.60 level, where a laddered take-profit approach can be used to close positions gradually.

For risk management, it is recommended to set a stop-loss above 83.80. This approach provides some tolerance for market fluctuations while ensuring that individual losses are kept within 2% of the principal, which is crucial for long-term stable trading. Overall, this strategy emphasizes disciplined risk control and phased profit-taking rather than blindly pursuing maximum gains.
LTC-0.48%
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MetaverseVagabondvip
· 22h ago
This level at 82 is a bit uncertain, as it has rebounded here several times before. I want to go short, but I always feel there's a strong trap to lure more longs, though the risk control strategy sounds good. Can't afford to gamble anymore, so I'll wait for a clearer signal. That $79 is so far away, will I be able to reach it? It feels a bit tight to set the stop-loss at 83.8, given how volatile the market is.
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TommyTeacher1vip
· 22h ago
There is indeed pressure around 82, but can this wave of decline break below 79? It feels a bit uncertain.
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ForkInTheRoadvip
· 22h ago
At the 82 to 83 level, it seems a bit overestimated in terms of pressure... Looking at the chart, LTC might still be stuck here for a while, but gradually entering short positions in batches is still a reliable approach.
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SoliditySlayervip
· 22h ago
Shorting at 82 is indeed interesting, but it feels like this resistance level might be a bit weak. --- Trailing take profit sounds good, but I'm worried it might bounce back again at 81... --- 2% stop loss, this guy really knows how to trade. --- That target at 79.6 is a bit far, could it bounce back and cut you? --- Hey, I like this idea. Strong discipline is the key to winning. --- Is Litecoin about to drop again? I still want to buy the dip. --- The entry point for the short position is quite carefully chosen; let's see if it can hold above 83.8. --- The part about scaling out is well written, but who can really do it in practice?
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WhaleInTrainingvip
· 22h ago
Positions between 82 and 83 do indeed face significant pressure, but I am still a bit worried that the stop loss at 83.80 might be too tight, feeling it could be easily swept.
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On-ChainDivervip
· 22h ago
Position 82 is indeed a bit risky, but a 2% stop loss is still a bit tight. The market just loves to sweep these kinds of orders.
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Rugpull幸存者vip
· 22h ago
82.20-83.20 Short? Bro, I don't quite understand. Can LTC drop to 79.6 in this wave?
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