LTO Next Target Could Be $0.6Hey guys today i'm going analysis LTO/USDT pair in daily time frame.
1) LTO have downtrend since November 15, and forming Falling Wedge Pattern 2 month already, now formations is done and LTO need Breakout up or down side.
2)We all know Falling Wedge is Bullish Pattern and more chance Breakout to up side than the down side.
3)LTO have good Support level i marked Support zone with green Trend line, and we can see every time price touched this Support trend line price Bounce to up side, and then Rejected from Resistance level.
4)LTO also have strong Resistance level i marked Resistance zone with red Trend line, and we clearly can see how many time LTO Rejected from red Resistance trend line.
5)Volume in this few days so much low, that's the since we can see Volume Spike Up side or Down side, but i think more likely we can see Spike Volume to Up side, because MACD 12 day EMMA wanna cross to 26 day EMMA, when that's happens we got Bullish Cross and price can go to up with significant Volume.
6)Finally if we Breakout $0.27 level and close Candle approximately in $0.3 level, next target according to Falling Wedge shows approximately $0.6
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