LTO Network Above Resistance | Strongly Bullish (Fast Growth)
LTO Network (LTOBTC) moved above a "long-term resistance," this is marked on the chart with a blue bold line.
It is easy to see how this level worked as resistance in late 2023 and also early 2024.
After this level was broken, we saw growth.
The correction sent prices below resistance and LTOBTC produced the inverted head and shoulders pattern.
This is a bullish pattern and tends to come at the end of a move, in this case, the end of the down-move.
Now that LTOBTC is back above resistance, full green with rising volume, we can expect additional growth. —These are all good bullish signals.
The pair is considered bullish as long as it remains above the long-term resistance.
If it moves below, the bullish potential remains valid but weakens.
Market conditions can always change. Please keep this in mind... But this pair looks like it will produce a strong, sudden fast jump next.
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