Todays Analysis - LCTUSDT - consolidating in an ascending triangle, on its 3rd attempt to break structural resistance
Points to consider:
- Multi-confluence resistance
- Fibonacci retracement levels (visual guide)
- Declining volume
- RSI below 50
LTC USDT has been lagging considerably behind the broader market failing to break its multi-confluence structural resistance.
Fibonacci retracement lining up nearly perfectly with market structure acting as a visual guide to key levels.
Volume is declining, indication of an influx being imminent, possibly coinciding with the re-test and break of structural resistance.
The RSI is currently below 50 on higher timeframes, bias is still bearish in the immediate market.
Overall, in my opinion, LTC needs a break and consolidate above structural resistance with volume follow through to validate technical targets above.
Points to consider:
- Multi-confluence resistance
- Fibonacci retracement levels (visual guide)
- Declining volume
- RSI below 50
LTC USDT has been lagging considerably behind the broader market failing to break its multi-confluence structural resistance.
Fibonacci retracement lining up nearly perfectly with market structure acting as a visual guide to key levels.
Volume is declining, indication of an influx being imminent, possibly coinciding with the re-test and break of structural resistance.
The RSI is currently below 50 on higher timeframes, bias is still bearish in the immediate market.
Overall, in my opinion, LTC needs a break and consolidate above structural resistance with volume follow through to validate technical targets above.
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.