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LTC/USDT Potential Upward Movement

LTC/USDT Price Long-Term: Bullish

Key Resistance Levels: 222.55, 237.69, 238.00

Key Support Levels: 205.95, 191.98, 164.05

Daily Chart:

The price is trading within a bullish channel formation which indicates that we are in an uptrend. Currently the price managed to break the daily resistance @ 205.95 USDT mark with a big bullish candlestick.

LTC/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price posted a correction count to the new daily support (previously resistance), and now it is trading above it. Our expectation is a slight bounce again to this level and then a rally toward the 222.55 USDT Mark.

Signal Idea:

Buy Limit Order @ 207.46

TP 1 @ 222.55

TP 2 @ 237.69

Stop Loss @ 199.96

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.

2 comments

  1. Hi, could you please recommend a position size calculator for crypto
    Thanks,
    Israel

  2. Perfect😍😍

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