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#StrategyBTCPurchase $LTC hanging in there but honestly, it's looking more like consolidation with a bit of a bearish lean right now. For trading on 1-hour timeframe, I'm eyeing this as a cautious short
Checking those recent hourly candles,
#USJobsData volume's been fading on the downsides with a hefty 75K during the dip to 81.05, which screams selling pressure. Sure, there are some green candles popping up, with 79K volume, but they just don't have the legs to keep going, feels like buyers are sitting on their hands.
Capital flows aren't painting a rosy picture either – contracts are bleeding out across the board, with -688K in the last hour and -1,27M over two hours, the kind of outflows that usually signal more pain ahead. Spot
$ETH side's iffy too, short-term nets like -21K in 5m and -103K in 15m, just adding to the wary vibe in the market.
Entries shorts $LTC : If you're game, maybe enter near resistance at 81.35 USDT or wait for a crack below 80.56 with some solid bearish volume to back it.
Stop loss up at 82.0 USDT (about 3% buffer, factoring in ATR around 0.34 and the swings we've seen).
Target-wise $LTC : 78.5 USDT
LTCUSDT
$BTC #CPIWatch Perp
80.99
-0.74%
Anyone else seeing LTC heading lower, or am I missing some bullish spark? #LTC #LTCUSDT
#Litecoin #USNonFarmPayrollReport