Trade Idea: LTC SHORT

Opened 2026-04-13 16:46:10 · Valid until 2026-04-14 16:46:10 · Triggered 2026-04-13 16:58:02 · Closed 2026-04-13 19:55:03

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT CLOSED RR 1.70 Conf 75% Scalp hours

Entry

53.16000000

Stop

53.70000000

Targets

52.60000000 / 52.20000000 / 51.90000000

Live price

55.93000000

Live ROI

-5.21% vs entry

Idea ID

#10491

Now Entry Stop TP

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Thesis and checks

Analyzing Litecoin (LTC) on 5m, 15m, and 1h charts reveals a short scalp opportunity with strong confluence:

5m chart: Price shows a bearish engulfing candle near resistance at $53.30, indicating short-term selling pressure.
15m chart: RSI is below 50 and trending down, confirming momentum favors bears.
1h chart: Price is below the 20 EMA and 50 EMA, signaling a bearish trend continuation.
Current 24h change is negative (-0.9%), supporting downside bias.
Risk-reward ratio is approximately 1.7 with a tight stop above recent resistance, making this a high-probability scalp trade.

Trade ideas are educational. Manage risk and position size.