ICT Strategy Signals Bearish Outlook for LTC
FenzoFx—Litecoin consolidates near 87.1 after Saturday’s price action, down 0.09% today. ICT analysis places LTC in the premium pricing area, favoring short positions.
Immediate resistance at 89.36 remains untested, while support lies at 86.61. Traders should wait for LTC to test resistance and watch for bearish signals like candlestick patterns and an inverted Fair Value Gap (FVG). If resistance holds, LTC could break below support, aiming for 85.17.
The bearish outlook remains valid as long as 91.02 holds as resistance.