LTC Trading idea
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While the price in consolidation is difficult to say exactly where it will go next.
The main trend is to further decrease to level $ 47, as the chart shows the Bearish Flag pattern.
But if sellers are able to fix a price above the support level of $ 52, then the price will rise further.
There is also an option that may be a false breakthrough of the trend line of resistance and then the price will go back to the channel and will be above the resistance level of $ 50.85.
_________________________________________
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Also, don't forget to visit our profile.
While the price in consolidation is difficult to say exactly where it will go next.
The main trend is to further decrease to level $ 47, as the chart shows the Bearish Flag pattern.
But if sellers are able to fix a price above the support level of $ 52, then the price will rise further.
There is also an option that may be a false breakthrough of the trend line of resistance and then the price will go back to the channel and will be above the resistance level of $ 50.85.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.