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Two Possible Scenarios for LTC

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Hi everyone! While the market is not stable and is in uncertainty, it is not advisable to trade. But let's consider one idea for LTC. The asset is moving within a large triangle, the price is responding well to its trend lines, as well as Fibonacci levels.

What can we expect?

The first option is a breakout of the descending boundary of the triangle and a touch of the Fibonacci level of 0.618. If the sentiment in the market is bullish by this time, we can expect the continuation of growth.

The second option is a breakout of the ascending line of the triangle and a drop in price to the nearest strong Fibonacci level of 0.236.

This is not a trading recommendation, everything you do, you do at your own risk.
トレード稼働中
Got 11% profit on the fall of the asset, at the moment the asset has recovered to the previous values. I expect further growth.

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