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.
LTOUSD
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 :)
LTOUSDT (LTO) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- LTOUSDT is building up in a descending triangle pattern.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle's inclined resistance.
-Downtrend ⬇️: breakdown below the descending triangle's horizontal support.
TARGETS 🎯
- Uptrend ⬆️: horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: fibonacci extension levels.
LTO/BTC (Retest Recent Key Support?)💎Technical Analysis Summary💎
BINANCE: LTOBTC
-The small rally from 510s sat has ended after a Double Top reversal
-This downfall will likely to retest previous key support area
-If LTO can from another base of support within the next few weeks
-There is a chance it may challenge to break the recent top
-This is a long process so being patient is very important
-I suggest studying the chart when there are no trading opportunities
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LTO/BTC (Pullback or Correction?)BINANCE: LTOBTC
-LTO is now pulling back after a series of higher lows
-If the correction will continue further downside
-The major of support need to be watching is around 700-640 sat
-This zone is a confluence of previous resistance and support
-Also, the 100D MA dynamic support is coinciding around this region
-The chances this level will hold is high provided BTC will not dump again
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^Not Financial Advice
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LTO/BTC (Testing Recent Top)LTO/BTC
-LTO Network the key support at 630 sat area
-This was a confluence of previous resistance turned new support
-Currently, the price is testing the recent high around 866 sat
-If LTO can break the recent top and hold as new support territory
-I recommend to Buy the minor pullback/retest
-Upside potential is up to 1554 sat
LTO/BTC (Key Support Area @ 500 Sat )LTO/BTC
-This coin has dropped over -40% from the High 922 sat
-Currently approaching key support area around 530-500 range
-If BTC Dominance will continue to rise, LTO may drop a little further
-Watch carefully this area, any reversal signs will trigger a Buy signal
LTO/BTC (Consolidation above Resistance)LTO/BTC
-broke the previous resistance area at 670 sat
-the price has retraced and retest the old resist > new support
-you can enter a momentum Buy order if a close above the green box
-or retest the box as new support and expect an upside continuation
-stoploss is placed under the green box consoliation
LTO/BTC 63% profit and now Time to Re entry for another 50%#LTOBTC Chart Update:-
#LTO Looks bullish after bounce back from Support level.
After some retracement i can expect big Upward move from here.
Already 63% Profit from our 1st Entry.
But still we can open average buy.
Re entry:-520-550 Satoshi
Targets:- 637/780/961 Satoshi
Short term stop loss for new entry:- 500 Satoshi
But i am not placing stop loss.
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