Hello guys today i’m going analysis LTO /USDT pair in weekly chart so lets begin.
1)In weekly chart we have Descending Triangle and we know Triangle need to do five wave structure, after five wave structure done Triangle formed already, now LTO forming fifth wave called (E) wave, (E) wave is last wave and when (E) wave done its formation that’s signal for Triangle done its formation and now need to breakout upside with good volume .
2) LTO have strong Horizontal Support at $0.15 level and we have Resistance level at $0.55 level.
3)Now we need to complete (E) wave structure and price must climb to $0.55 level and then LTO must breakout from $0.55 Resistance level and close candle +5% up with Volume and then we can expect LTO can reach at $3.
4) MACD also have Bullish Cross that’s also Bullish Signal.

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