【$LTC Signal】Long - 1H breakout retest confirmation, clear signs of main force supporting the market

$LTC The 1H level completed a consolidation bottom in the 55.68-56.15 range, and the current price has stabilized above the 1H EMA20 (56.13), attempting to break through the upper boundary of the hourly consolidation zone. Although the 4H level is still in consolidation, the price has already risen above the EMA50 (55.03) and moved away, indicating a potential shift to a stronger medium-term trend. Market logic suggests a price increase, combined with stable open interest, indicating possible main force support or short covering. Market depth shows slightly more buy orders (imbalance of 3.73%), favoring bulls.

🎯Direction: Long (Long)

🎯Entry/Order: 56.10 - 56.20 (Reason: 1H candlestick stabilizes above EMA20, breaking through the recent consolidation upper boundary at 56.15)

🛑Stop loss: 55.65 (Reason: Break below the recent consolidation lower boundary at 55.68 and support at 55.03 near 1H EMA50)

🚀Target 1: 57.00 (Reason: Resistance at the previous small-level high on the 4H chart)

🚀Target 2: 57.80 - 58.00 (Reason: Near the previous high on the 4H chart and Fibonacci 0.618 retracement level)

🛡️Trade management:

- Position suggestion: Light position (Reason: The 4H trend is not fully clear yet, and this is a 1H level breakout play)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry point (break-even). For the remaining position, look toward Target 2. If the price faces resistance near Target 1 and a top divergence appears on the 1H chart, consider exiting early.

Order book logic: The price rebounded from yesterday’s low, but open interest (OI) remained stable, not decreasing significantly with the price rise, suggesting it’s not purely driven by short covering. There may be new long positions entering. The 1H RSI (52.47) is in a neutral to slightly bullish zone, with room to rise. Negative funding rate (-0.0023%) reduces the cost of holding longs. The 55.68-55.80 zone below forms a dense trading area, providing strong support.

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