LTC Trading idea
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While the price in consolidation is difficult to say exactly where it will go next.
The main trend is to further decrease to level $ 47, as the chart shows the Bearish Flag pattern.
But if sellers are able to fix a price above the support level of $ 52, then the price will rise further.
There is also an option that may be a false breakthrough of the trend line of resistance and then the price will go back to the channel and will be above the resistance level of $ 50.85.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
While the price in consolidation is difficult to say exactly where it will go next.
The main trend is to further decrease to level $ 47, as the chart shows the Bearish Flag pattern.
But if sellers are able to fix a price above the support level of $ 52, then the price will rise further.
There is also an option that may be a false breakthrough of the trend line of resistance and then the price will go back to the channel and will be above the resistance level of $ 50.85.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.