$LTC — Market Update
Bias: Long
Trade Setup $LTC
Entry: 67 – 69
Stop Loss: 65.5
TP1: 71
TP2: 73
TP3: 78
Market Insight:
$LTC on 4H displays potential reversal setup with price rejecting lower lows near 66-68 demand zone after an impulsive decline from 85, showing weakening seller momentum as RSI at 32 indicates oversold conditions and possible demand absorption. The move appears corrective within a broader downtrend, but buyer behavior strengthens on liquidity sweeps below prior supports, suggesting shift if acceptance holds above 66.
Idea invalidates on a structure break below 65, providing a favorable 1:3 risk-to-reward based on momentum divergence and supply zone targets.
Assessing entry on confirmation of rejection, position sizing critical.
Levels based on structure and momentum, not prediction.