luizhcruz

LTCUSDT price projection on an upward trend - Daily analysis

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
• Technical analysis regarding the price of LITECOIN in relation of dollar Tether for the next scenarios, based on daily movement.

• The price movement is in a strong upward trend, making its due corrections (according to the principles of Ralph Nelson Elliot), in impulsive and corrective wave forms. Thus, I believe that the price may continue with its sharp price rise, respecting this trend line projected with the Fork (the price is returning to the bullish channel)

• When projecting this expansion, I get the levels where the price can reach (green take lines)


disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.