LTC/USDT : Important levels to watch for LTC now !
Updated
LTCUSDTHello everyone 😃
LTC is moving into a symmetrical triangle or it's better to count it as a bearish flag now.
As you can see ICHIMOKU's cloud rejects the pair and daily MA200 is acting just like a support here !
However current candle remains as a bearish break on MA200 but We can still count on the bullish scenario if current candle closed above MA200.
Also next candle can act much important if we see another break attempts on next 8 hours...
By the way, Major movement is bearish, Because of ICHIMOKU's cloud and the stiff bearish order block above.
I would like to have a look on LTC/BTC's chart too !
It's so similar to USDT's chart but, We can say that there's a possibility for LTC to accumulate between mentioned order blocks.
So there will be an enough time for buyers to close their positions, If LTC shows more weaknesses !
On lower TF, about LTCDOWN/USDT's chart;
On this chart we can decide to trade the way, More better !
LTCDOWN founds some supports on LTF and it's suggesting the breakout of bearish order block according to current market structure...
🔰 I would suggest to wait for a confirmation on any of the triangles and pennants.
It can help us for better vision on incoming dive/bounce !
Hope you enjoyed our analysis about LTC's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.
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Helical_Trades
Note
LTC reaches the cloud !
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