LTO
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
