crypto_wise16

LTC : USDT , 2° UPDATE, 4 H TIME FRAME AND ELLIOTT WAVE. BINANCE

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
I said "120 $ could be a break out price."

In the 4 H time frame it could be noticed that at about 120 $ level the price increased to 137 $ in just one candle.

After that we can see a strong sell pressure that has pushed the price to test the main support zone of about 112 $.

In the next hours and next few days the price should bounce between the 112-122 dollars range.

Any breakout of the descending triangle it will be a possible bullish / bearish signal.

Up to now i'm still bullish on LTC because :
1°) Litecoin Block Reward Halving Countdown
2°) FLEXAHQ news
3°) Trend in higher time frame still intact

Possible 110 $ retest once or twice before a big move.

Look at the related ideas.

-- This is not financial advice, for illustrative purposes only. Thanks! --

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