Hello everyone,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LTCUSDT
Clearly, R2 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 is a support area at the bottom that shows the support of price at some points. As we observe the past behavior of price, it could have a severe decline after being rejected at R2 and then by having a recovery trend, it could rise toward R1. But after two rejections by this area, ultimately a rise happened for the price and now the price is moving below the mentioned area. Therefore, it is fluctuating below R1 and we predict it to experience more decline due to the existence of this reverse double bottom pattern here. Another decline is waiting for the price toward S1 and we must wait for some confirmation candles to make sure for a fall and a decline would be there for the price to reach lower amounts. It is even possible that the price moves over the first resistance area and by giving us more fixation there, more increase would be there for it. S1 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and starts being supported and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LTCUSDT
Clearly, R2 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 is a support area at the bottom that shows the support of price at some points. As we observe the past behavior of price, it could have a severe decline after being rejected at R2 and then by having a recovery trend, it could rise toward R1. But after two rejections by this area, ultimately a rise happened for the price and now the price is moving below the mentioned area. Therefore, it is fluctuating below R1 and we predict it to experience more decline due to the existence of this reverse double bottom pattern here. Another decline is waiting for the price toward S1 and we must wait for some confirmation candles to make sure for a fall and a decline would be there for the price to reach lower amounts. It is even possible that the price moves over the first resistance area and by giving us more fixation there, more increase would be there for it. S1 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and starts being supported and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。