#Gate广场创作者新春激励 【$LTC Signal】Empty Position + Downtrend Continuation Pattern

$LTC Continues to show weak consolidation below key support levels, displaying a downtrend continuation pattern on the 4H timeframe. The price decline is accompanied by Taker sell orders dominating, but open interest remains stable, indicating that it is not purely a long squeeze but rather ongoing active selling pressure. Buying absorption is very weak, rebound highs are gradually lowering, and the market structure has shifted to bearish.

🎯 Direction: Empty Position

Wait for the price to effectively break below 53.5 and confirm that selling pressure is accelerating, or for a rebound to the supply zone of 54.8-55.3 to encounter resistance signals before considering short entries. The current price is in a middle, ambiguous zone, with a poor risk-reward ratio, so it’s best to stay on the sidelines.

Trade here 👇 $LTC

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