Showing an amazing recovery from the lows (100% up over the last week)
Current volume looking strong as a UCTS Buy signal is flashing on the daily (needs to close this way)
If manage to hodl/flip this level, willing to take an entry and ride whats left!
LTOBTC is doing good now and bullish momentum is building up.
Today's candle is really strong.
Notice the last 3 weeks the trading volume was really low (marked yellow) and now it is starting to increase.
The higher volume today is what I call a "volume breakout".
The RSI is at 56 which is really good.
The MACD line on the MACD indicator is sitting above...
LTO is at a very interesting point with both BTC & USDT.
LTO forming inverse head & shoulders with BTC & being squished in a falling wedge with USDT
Breakouts from key areas mentioned below will signal a very strong rally
The chart for LTO Network (LTOBTC) is looking pretty good... We have higher lows starting back in May 2020.
If you've been following the altcoins market, you can tell that many altcoins are hitting new lows even if only on the daily timeframe or to just bounce back up quickly...
LTOBTC is still printing higher lows which is a signal of good strength.
LTO is looking good at current levels. Those who missed the first rally will buy LTO now. We will see a good rally in LTO in the coming weeks.
Buy Zone: 445-460
LTO Network has been a long-term holding of mine ever since their public sale.
I've became a huge fan of the project after meeting the team various times and after doing my fundamental analysis.
For my public report, see: qr.ae
I've taken profits around 800 sats and I'm looking to load back up partially at 620 and partially at the lower 500...
This has a nice trend and its pulling back nicely to a previous support with confluences to the MA\FIB and convergent.
Looking for a bullish candle in the 8 hrs or a combination of bullish candles or structure in the lower time frame that makes up the 8 hrly candle.
All the best,
2 hrly time frame.
LTOBTC pair is now at the support zone. LTO has a few good news coming in the next weeks and we see good price movement in LTO. LTO will release technical Litepaper in December and announce the new developments for the network.
Buy Zone: 510-525
LTOBTC hit a low on 5-Nov. and is now starting to grow.
Just like many of the altcoins, we saw before, initially a low as hit back in May and now a higher low in early November.
What we see currently developing is a new bullish wave... Notice we have higher highs and higher lows.
The next target is marked on the chart.
At the moment, there are 3 sell signals present and I'm BEARISH.
So, I don't think this is a good time to buy.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.11) for 1D to buy,
3- You can buy when candles touching the...