【$LTC Signal】Oversold rebound, 1H level RSI extremely oversold

$LTC 1H level RSI dropped to 25.87, 4H level also at 34.61, the oversold signal is clear. The 1-hour candlestick continuously closes below the lower Bollinger Band, with the price deviating further from the middle band. The 4-hour MACD histogram expands in negative territory, but the 1-hour MACD negative bars begin to narrow, indicating signs of weakening bearish momentum. The order book shows buy-side dominance, and the capital support intention is emerging.

The price repeatedly tests around 52.62, with buying support starting to appear. This level offers a good risk-reward ratio, making it worth positioning for a technical rebound.

⚡Entry: Enter immediately at the current price of 52.66, or place an order around 52.62.

🛑Stop Loss: Strictly place above 54.73.

🚀Target 1: The first target is 53.43, which is the 1-hour EMA20 and previous small platform resistance.

🚀Target 2: The second target is 52.99, serving as a secondary resistance level for the rebound.

🛡️Trade Management: After the price reaches 53.43, cut half of the position, and move the remaining stop loss to the breakeven point. If the price cannot hold above 52.80 and weakens again, consider exiting early.

The 1-hour volume did not significantly increase at the new low, suggesting selling pressure may be weakening. The 4-hour price has touched the lower Bollinger Band, which typically has a pullback tendency toward the middle band. Coupled with the negative funding rate, short-term bearish squeeze is excessive, and a rebound is imminent. In this position, the odds are in our favor.

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