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LTO

LTO Bullish Scenario USDLTO is looking very bullish at the moment. As you can see from a FIB perspective, we had a very bullish bounce off the .618 in macro wave 2 correction. The RSI QUICKLY reset for further bullish momentum. With good volume, I would expect wave 3 to target the 1.618 fib level which would put the target at about $1.26. Profit taking can take place at previous high and 1.618 fib levels. Remember this is the daily chart so we would want these positions to take place in the next several weeks for LOW-RISK trading strategies. In my opinion, the growth in the last several weeks/months has been organic without massive whale movement or manipulation. This is something to keep an eye on. I would definitely start thinking about entering a long here to catch wave 3. BUT, be sure to keep an eye out for the previous high as this is going to act as a resistance until it is broken, which would keep our wave 3 target in place.
BINANCE:LTOUSDLong
by NoobTraderTV
LTO Buy Opportunity Soon (fixed)Fixing my idea since the original wasn't clear. LTO uptrend has been respecting the 0.382 retracement level with a hammer forming at the time of publishing this. This means we're rejecting lower prices and is bullish. Watch for a candle close like this or higher for confirmation. This doesn't mean that we will immediately begin to start the next push to ATH, but we will likely see a bounce between here and our volume area of resistance which I posted before - If the trend remains at its current strength, our next push should be to around $1.12. Just remember this doesn't mean that we'll begin pushing there now, this is just a chance to buy at the lowest dip in its current state. A candle close below the 0.382 will also likely mean we're seeing a reversal pattern.
Long
by PlayerNonZero
3
LTO Buying OpportunityPosting this so people have an idea of what to look for since this could be a great time to buy LTO. We're currently making a perfect 50% retracement along with touching our yellow upward trend line (anchored vwap). Watch for a green close above these levels for confirmation they'll act as support (I'll be adding more to my position if this happens). Expect to bounce between that support and the green box (volume level) until we see a close above our down trend (anchored vwap). This will likely mean we're making attempts towards the ATH. What's important is we want a slow staircase beyond that level, not a strong upward movement past it which will likely be a false break. What we don't want to see is a break to the red circle which will likely mean a fall to .53 cents. From here it's iffy whether or not we'll resume an uptrend, but I'm optimistic :)
Long
by PlayerNonZero
5
LTO Trading Setup - Hasn't taken off yetHere's a quick look at LTO 1 hr chart. The price action has been forming a falling wedge and broke out recently. Watch for a breakout from the level shown in the chart. The idea is: Buy the breakout from the Symmetrical triangle shown in the chart. Take profits at the level shown in the chart. Targets: 1. 0.577$ 2. 0.6$ 3. 0.64$ Follow me for daily trading setups - Telegram group coming soon... BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
Long
by MBM_Crypto