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LTC/USDT Potential Upward Movement

LTC/USDT Long-Term Trend: Bullish

Key Resistance Levels: 360.00 , 370.00 , 380.00

Key Support Levels: 324.68, 290.21, 242.32

Daily Chart:

The price on the higher time frame was in a clear uptrend where the market is posting higher highs and lows. The coin managed to break the bullish flag formation to the upside and it posted a big impulsive wave by breaking the previous all time high.

1-hour Chart:

On the 1-hr time frame, the price is trading inside a bullish channel formation where it posted a correction count to the support. We expect further movement to the upside in the same direction of the main trend.

Signal Idea:

Buy Market Order @ 344.20

TP 1 @ 374.02

TP 2 @ 380.00

Stop Loss @ 329.79

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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