LTC: From Supply Rejection to Demand Retest
$LTC got firmly rejected from a 4H supply zone after a failed push higher, confirmed by a market structure shift (MSS) that flipped the short-term trend down.
That rejection sent price sliding straight into a lower demand box, where it's currently finding some footing.
RSI has cooled into the lower half of its range, consistent with the recent selling pressure. The reaction at this demand zone is the key thing to watch now a bounce here would suggest buyers are stepping back in, while a breakdown opens the door to further downside.
Not financial advice — this is shared for educational purposes.
📊 #LTC
$LTC got firmly rejected from a 4H supply zone after a failed push higher, confirmed by a market structure shift (MSS) that flipped the short-term trend down.
That rejection sent price sliding straight into a lower demand box, where it's currently finding some footing.
RSI has cooled into the lower half of its range, consistent with the recent selling pressure. The reaction at this demand zone is the key thing to watch now a bounce here would suggest buyers are stepping back in, while a breakdown opens the door to further downside.
Not financial advice — this is shared for educational purposes.
📊 #LTC