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Technical analysis by moussadz about Symbol LTO: Buy recommendation (1/21/2025)

https://sahmeto.com/message/3187823
moussadz
moussadz
Rank: 24565
1.2
Buy،Technical،moussadz

LTO-USDT is showing strong bullish signals, supported by several key technical indicators. The price has successfully retested the weekly resistance level, coinciding with the 61.8% Fibowhich is a critical area for confirming bullish momentum. This retest was accompanied by a significantly high trading volume compared to the previous period, similar to the volume spikes observed during previous breakout waves, indicating strong Zone.Additionally, LTO-USDT has breached a major downtrend line, further solidifying the bullish reversal.On the 4-hour chart, a falling wedge pattern has been identified, which is typically a bullish continuation pattern. This combination of factors—retesting key resistance, high volume, breakout of a downtrend, and a falling wedge—suggests a strong potential for upward movement in LTO-USDT.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
First Support:
$0.1033
First Resistance:
$0.1301
Price at Publish Time:
$0.10298
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