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LTC/USDT Potential Upward Movement

LTC/USDT Long-Term Trend: Bullish

Key Resistance Levels: 282.51, 317.27, 320,00

Key Support Levels: 248.19, 242.32, 207.41

Daily Chart:

The price on the higher time frame was trading inside a wedge formation before managing to break it to the upside. A lower correction has been posted to the daily support where we might see a move upward again in the same direction of the main trend.

LTC/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the coin posted a double bottom which helped the price to reverse. Now the market is above the neckline of this pattern and is trading in sideways. Further move upward Is expected toward our mentioned target profit.

Signal Idea:

Buy Market Order @ 258.57

TP 1 @ 282.51

TP 2 @ 317.27

Stop Loss @ 246.88

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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