LTO
LTOUSDT forming bullish Shark | Upto 24% MoveHi fox hope you are well, on 1 hour chart LTO Network (LTO) is forming harmonic pattern and this time it is bullish Shark. All legs are formed now the priceline is forming final leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 (here I have ignored a little spike) of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $0.05779 to $0.05443
Sell between: $0.06080 to $0.06753
Stop Loss:
The potential reversal zone area which is up to to $0.05443 can be used as stop loss in case of complete candle stick closes below this level.
LTO Network LTOBTC Previous Range reclaimed 4H TFLto network seems to be broken its downtrend market structure. Holding this range will lead upside range.
LTO NETWORK - CUP AND HANDLELto network is creating Cup and Handle Pattern in short term, i think it's easy 20-25% profit.
Entry: 0.00000650 - 0.00000710
Target 1: 0.00000730
Target 2: 0.00000770
Target 3: 0.00000805
Stop Loss: Below 600 sats.
Time: 0-48 hours.
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RSI DIVERGENCE ON LTO NETWORK (1HR)Everything in the chart.
Too early to know any direction really, Could be up or down... Hopefully pops like WRX
First chart.
LTO - Possible Bounce from 61.8% FibLTO is looking to find support after breaking out of a tightening pattern, since it just got added to Binance, it won't follow any specific patterns.
What is likely is a bounce from the 61.8% Fib Level, where it has found some support, and going towards the future, it will either pump back up to previous resistance, or it will roll over and collapse for a couple of days to weeks.
Buy with caution, although indicators show signs of bullish potential it's always important to manage your money properly.
LTO - Possible Double Bottom FormationAfter some terrible moves from LTO, I'm seeing some weakness in the bears.
Currently we've been bleeding here non-stop since the day it was launched on Binance, but there are some good indications of a reversal.
Usually with these small assets is you can't really trust technical analysis as the market cap is too low and the price can be manipulated by whales, but I do see a potential bounce from the W shape double bottom that is seen in the 15min timeframe.
Now, this would only be the case if the price breaks previous resistance and starts to create higher highs and lower lows in the 5min timeframe.
Still a risky asset for the time being as the price is being determined, but if you see some bullish volume/action, it maybe a good time to get in.
LTO New chance on Binance - Cup and handel enter price 850 - 870
sell targets 1100 - 1300
This is not financial advice
Do your own researches
