Hello traders, LTC / USDT is in an upward surge, stabilizing recently at the institutional level bearish in the period above in contact with the point of neutrality. So all is still possible in Friday reminders and expirations.
We have come to rebound on this two resistance including a trendline which reacts well we have a growth of the weakest MA which has just been realized. The question is to know if the horizontal resistance will give way then its can be a good entry point on the rebound after the trendline turned support.
Otherwise if we fail to breakout resistance then we will go to the top support it can be interesting to see the reaction from this level. This will confirm us on the outlook of the market and the intentions of the operators.
Adding that the confirmation of a pull back over the next longest period MA with bulls volume return gives a great signal of a return to a certain price level. The objective remains the largest MA with a growth of the others.
These are not investment advice but recommendations for good practice. I hope you enjoyed it.
Thank you for taking the time to read my analysis. Comment on your ideas in the space dedicated to the description.
Je me prépare à rentrer à nouveau sur LTC. J'avais acheté en janvier sur ces niveaux, pris profit sur un double, je pense qu'on est pas loin de retrouver de bonnes localisations.
stephanelibatd
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@Elyanc, trading is no investment we are in a trading range.
If we break up there you can still make a new entry.
@Elyanc, For the moment the market is gambling the breakout of the rectangle from the top to give a buy signal.
If there is volume and the breakage from the bottom little happened.
We are 50/50 so you have to be careful.
Elyanc
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@stephanelibatd, agreed, I think that for the moment BTC has the lead, so the most important is to follow what BTC does.
stephanelibatd
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@Elyanc, Quite but not necessarily the best potential
Please follow, thank you.