LTC : USDT , 2° UPDATE, 4 H TIME FRAME AND ELLIOTT WAVE. BINANCE
I said "120 $ could be a break out price."
In the 4 H time frame it could be noticed that at about 120 $ level the price increased to 137 $ in just one candle.
After that we can see a strong sell pressure that has pushed the price to test the main support zone of about 112 $.
In the next hours and next few days the price should bounce between the 112-122 dollars range.
Any breakout of the descending triangle it will be a possible bullish/bearish signal.
Up to now i'm still bullish on LTC because :
1°) Litecoin Block Reward Halving Countdown
2°) FLEXAHQ news
3°) Trend in higher time frame still intact
Possible 110 $ retest once or twice before a big move.
Look at the related ideas.
-- This is not financial advice, for illustrative purposes only. Thanks! --
If you don't want to miss the updates of this idea leave a LIKE!
If you want to see more chart analysis don't forget to FOLLOW ME!
You can find me also in TWITTER --> cryptogabri
When creating your account in Binance use this REFERRAL CODE: 16281626
In the 4 H time frame it could be noticed that at about 120 $ level the price increased to 137 $ in just one candle.
After that we can see a strong sell pressure that has pushed the price to test the main support zone of about 112 $.
In the next hours and next few days the price should bounce between the 112-122 dollars range.
Any breakout of the descending triangle it will be a possible bullish/bearish signal.
Up to now i'm still bullish on LTC because :
1°) Litecoin Block Reward Halving Countdown
2°) FLEXAHQ news
3°) Trend in higher time frame still intact
Possible 110 $ retest once or twice before a big move.
Look at the related ideas.
-- This is not financial advice, for illustrative purposes only. Thanks! --
If you don't want to miss the updates of this idea leave a LIKE!
If you want to see more chart analysis don't forget to FOLLOW ME!
You can find me also in TWITTER --> cryptogabri
When creating your account in Binance use this REFERRAL CODE: 16281626
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