LTC/USDT AnalysisLTC Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC Movement
Thank you
Search in ideas for "LTC@"
LTC @range support@97; a double bottom@92 or more pain?LTC bounced a little from 97,the 3x bottom of my green consolidation box since Jan. It may fall a little bit more to retest previous low & make a double bottom.
If this is the bottom, then a new EW cycle shall begin.
Worst case scenario is for it to drop a lot more to the max pain zone at the 85 to 78 pink box.
Not trading advice
LTC triangle and double bottom#LTC/USDT
$LTC weekly chart shows price is at bottom and above lower line of triangle.
🐮 holding the lower line of triangle as support can increase price toward upper line around $150.
break out from upper line of triangle will confirm double bottom pattern and will head up price toward $400 and $700.
🐻 break down from lower line will drop price to supports shown in chart.
LTC trend lines#LTC/USDT
$LTC broke down descending support line.
🐻 if bears success to hold the price below descending support it will drop to support zone around $80.
🐮 but if bulls success to close the daily candle above descending trend line it can be a fake break down and price can head up to resistance zone around $120.
LTC trend lines#LTC/USD
$LTC hold above long term support zone.
🐮 price can head up to touch $139 that is the same with descending trend line.
🐮🐮 break out from this trend line will increase price to resistance zone between $200 and $225
🐻 rejection from descending trend line ad $140 will drop price to descending support line around $98 and maybe drop more to support zone around $70.






















