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Litecoin (LTC) is currently trapped in a weak trend. From the market performance, the bulls lack sufficient energy for a rebound, and this sideways movement seems more like a consolidation during a downtrend rather than a genuine rebound.
**Key Technical Features**
LTC's minor rebounds are repeatedly capped below previous highs, especially being precisely suppressed by the EMA(7) (75.86). This standard stair-step decline pattern is most suitable for a "trend-following" short strategy.
The MACD remains below the zero line, and the RSI(6) is only 38.08, indicating clear weakness. More importantly—there are no bullish divergence signals, suggesting the price may still be searching for a bottom. Volume data also confirms this: buying momentum is very low, and the price around $75 is just oscillating without upward strength. Market confidence in LTC in the short term is evidently lacking.
**Trading Strategy**
• Entry point: 74.93 – 76.20
• Risk stop-loss: 79.50 (if the price stabilizes above EMA 25, the bearish structure is considered broken)
• First target: 69.46 (touching previous strong support)
• Ultimate target: 64.50 (testing the major cycle support zone)
The short structure is complete, awaiting confirmation at higher levels.