$LTC long idea: 66% of accounts are long, support at 56.80–56.99 on the 4H.
If the support holds, buyers could push towards 57.7 and beyond. If it breaks 55.5, the trend shifts, and sellers take control.
Why this level:
- 4H price at 56.9 is below EMA50 at 60.0, so the stop matters here.
- 1H RSI at 26 shows momentum has reset, giving room to bounce.
- Daily is above EMA200 at 56.0, which favors the buyers' side.
🟢 LONG · Entry 56.80–56.99 · TP 57.75 / 58.32 / 59.18 · SL 55.47
Will buyers defend the support, or will sellers take over?
NFA · DYOR
If the support holds, buyers could push towards 57.7 and beyond. If it breaks 55.5, the trend shifts, and sellers take control.
Why this level:
- 4H price at 56.9 is below EMA50 at 60.0, so the stop matters here.
- 1H RSI at 26 shows momentum has reset, giving room to bounce.
- Daily is above EMA200 at 56.0, which favors the buyers' side.
🟢 LONG · Entry 56.80–56.99 · TP 57.75 / 58.32 / 59.18 · SL 55.47
Will buyers defend the support, or will sellers take over?
NFA · DYOR