LTC Ready to Surge ! A Potential 200% Opportunity Awaits
Hello Traders 🐺,
In this idea, I want to take a closer look at LTC. As you might know, the first step in our analysis is always to check the higher time frames like the weekly or even monthly charts. Once we get a clear picture of the bigger trend, we can zoom in on the daily or 4H time frames to identify the best entry points—whether for a solid spot trade or even a leverage position! 👇🔥
As you can see in the weekly chart, LTC is clearly in an uptrend and currently forming a bull flag. If the price breaks above this pattern, we could expect a move at least toward the 0.618 Fib level.
Also, during the last market dip, LTC held strong above a major monthly support, represented by the blue trend line, which reinforces its importance as a key support level.
With all these bullish signals lining up, it’s time to zoom into the daily chart and look for a solid long entry! 🚀
In my opinion, if the price breaks above the yellow resistance line and closes at least one 4H candle above it with strong volume support, this could be a great confirmation to open a long position. The next key target? The 0.618 Fib level, which serves as the next major resistance! 🚀
" 🐺Stay sharp, trade smart! – KIU_COIN 🐺 "
In this idea, I want to take a closer look at LTC. As you might know, the first step in our analysis is always to check the higher time frames like the weekly or even monthly charts. Once we get a clear picture of the bigger trend, we can zoom in on the daily or 4H time frames to identify the best entry points—whether for a solid spot trade or even a leverage position! 👇🔥
As you can see in the weekly chart, LTC is clearly in an uptrend and currently forming a bull flag. If the price breaks above this pattern, we could expect a move at least toward the 0.618 Fib level.
Also, during the last market dip, LTC held strong above a major monthly support, represented by the blue trend line, which reinforces its importance as a key support level.
With all these bullish signals lining up, it’s time to zoom into the daily chart and look for a solid long entry! 🚀
In my opinion, if the price breaks above the yellow resistance line and closes at least one 4H candle above it with strong volume support, this could be a great confirmation to open a long position. The next key target? The 0.618 Fib level, which serves as the next major resistance! 🚀
" 🐺Stay sharp, trade smart! – KIU_COIN 🐺 "
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.