LTCUSDT had a false breakout from the daily resistance inside a rising wedge on the 100$ area. This false breakout indicates that there was not enough buying pressure to sustain the price above the 100$ level, leading to a potential price reversal.
According to technical analysis, the price of LTCUSDT could create a new pullback into the 92$ area where the price has resistance. This pullback may occur as sellers take profits, leading to a decrease in buying pressure and a potential price decline. If the price does indeed pullback to the 92$ area and breaks below this support level, it may signal a potential new bearish trend.
As per Plancton's Rules, new short positions may be considered once the price breaks below the 92$ support level.
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