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.
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RektRecorder
· 01-10 22:36
At the 82.20 to 83.20 level, it feels a bit risky. LTC's recent trend has indeed been choppy, but I still agree with the ladder-style take profit strategy.
Wait, can it really drop to 79.60? That's a bit greedy, haha.
A two percentage point stop-loss space, bro, your risk control awareness is pretty good. Just worried the market might gap through it.
I'll try a short position first, anyway it's not all-in.
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ChainMaskedRider
· 01-10 16:57
Around 82 dollars does feel a bit uncomfortable, but brother, I think this logic is still too conservative...
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Another textbook-style short plan, a 2% stop loss sounds safe, but in this market it might just be losing money.
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I agree with building positions in batches, but can it reach 79.60? Feels a bit optimistic.
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Setting such a tight stop loss is probably to force yourself out, I don't buy it.
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Staircase profit-taking sounds comfortable, but who the hell can be that disciplined in actual operation?
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This is just an insurance short plan, no problem but no highlights either.
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I agree with the 83-dollar resistance zone, but is it really too early to enter now?
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MetaverseVagabond
· 01-08 06:58
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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TommyTeacher1
· 01-08 06:58
There is indeed pressure around 82, but can this wave of decline break below 79? It feels a bit uncertain.
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ForkInTheRoad
· 01-08 06:56
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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SoliditySlayer
· 01-08 06:56
Shorting at 82 is indeed interesting, but it feels like this resistance level might be a bit weak.
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Trailing take profit sounds good, but I'm worried it might bounce back again at 81...
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2% stop loss, this guy really knows how to trade.
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That target at 79.6 is a bit far, could it bounce back and cut you?
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Hey, I like this idea. Strong discipline is the key to winning.
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Is Litecoin about to drop again? I still want to buy the dip.
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The entry point for the short position is quite carefully chosen; let's see if it can hold above 83.8.
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The part about scaling out is well written, but who can really do it in practice?
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WhaleInTraining
· 01-08 06:53
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-ChainDiver
· 01-08 06:42
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
· 01-08 06:29
82.20-83.20 Short? Bro, I don't quite understand. Can LTC drop to 79.6 in this wave?
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.