LTO
LTO Busd ForecastHi,
LTO is at very strong support and expected to move up from here.
support area is marked in purple.
RSI is showing over sold.
Volume is very low
MFI is slightly moving up
targets have been marked
ROI is good.
Good luck
signalsforecasts
LTO - where to from now onLto has a massive bull run (let's say it was massive) a few weeks ago. Because of BTC dumping price fell significantly, and I still think BTC should consolidate somewhere around 40K / BTC. Here are some of mine ideas.
1.) yellow color: lto price falls to 10 cents directly and then we have another massive LTO bull run - 6x-8x gains
2.) purple color: lto price falls to 20 cents. mediocre bull run to around 40 cents/lto. then price falls down to 10cents. after that... long accumulation period
3.) green color: lto price bounces to 60 cents, then we fall to 40 cents -> 20 cents -> 10 cents
4.) blue color: dead cat bounce, lto price falls to either 20cents or 10 cents
yellow color idea has actually the most bullish scenario. still i think lto price will most likelly fall to 20 cents (at least).
IDEA: DCA (dollar cost averaging) strategy from now on. nobody is completely sure what will happen. In my opinion all alts will fall significantly very soon. 60-90% price fall (from ATH this year) for everything that isn't ETH or BTC.
LTO Long EntryLOT has recently had some good volume and price action leading to a great spike and retracement. It has fallen back to the .618 fibonacci level which is a common level to hold and start a long position at. I am bullish on this crypto because of the use cases, recent volume and good price action leading to this area. Alongside this the greater market has BTC ranging and the stock market due for a few green days.
Adding 20% of total position in case this drops to the .7 fibonnaci where I will add another 20-40% depending on market conditions
$LTO Short/Midterm UpdateIn the coming days/weeks I expect similar pattern as given on chart. LTO Network has a lot in the pipelines (Fundamental analysis) and this is confirmed by technical analysis/price action as well.
OBV broke out with the highest volume ever, also RSI has a lot of room left in the tank on the Weekly.
$145m market cap (small cap) layer 1 project listed on Binance and recently on Kucoin as well.
All recent layer 1 projects went wild and LTO just woke up from it's accumulation fase (6 months)
Dips are for buying, Always Dyor!
LTO EW Count 2021-2022 [Bull]Lengthy wave count for LTO, Binance was the furthest data i could find but i guess its still decent enough for EWs.
Coin's fundamentals are extremely strong, been eyeing this one since Jan, just lacked the growth so far in this final wave 5 of the bull run.
Things are looking good, we've just finished a long accumulation phase, which should give room for a lengthy expansion up above ATH, and then consolidation before alt szn when BTC tops out.
Long term vision, make sure to stack this one as much as you can when the bear market hits, wouldn't be surprised if this goes past $10 in the next cycle :P