BUY SIGNAL : LTO Coin Technical Analysis

[iloveyobit 6599]

Hello traders , today i back with a new technical analysis and a new chance on a coin in the market , almost with 110 % of profit but in long term only ( 6 months at least ) , i was doing a check on the market to find such chances like the last one ( check the topic in the link below ) and i found a good coin to buy with low risks and big rewards , even a new trader can make profit from the coin : 

 

 

 

fundamental analysis :

 

from the official twitter account the team of the coin is burning such an amount every while and there is almost 500 k coin burned ,this means the circulating supply will be less with every month , which means this will help the price to rise.

 

 

Daily Chart :

 

 

as we see at daily chart ,the coin is standing on a historical support from which it rebounded more than four times in the past, and this means that the current price of the currency is the lowest price it can reach and it is very difficult to break it toward lowest points , except in the case of bad news about the currency and this is unlikely because their team is very active and the currency owns Real and serious projects and thats why i chose this coin.

Also, the currency contains good liquidity that makes it in a comfortable position.

If you looked to the chart you will see that the liquidity is almost fixed in the currency( buy spikes more than sell one), meaning that it is supported by its own community and this gives a strong impetus to invest in it.

 

4H Chart: 

 

 

From the four-hour chart, we notice a very high trading liquidity on the currency, which means that there are a lot of buy and sell order too and this makes it too suitable  for trading whether short daily or in the long term 

 

For now the price can correct a little bit down because the coin is already 10 % up and making a move now while bitcoin is not stable yet is kinda risky so i dont recommend buying now with all your capital , only using 25 % of it and leave the rest for the right moment .

 

Buying levels : 

 

the green zone : from 430 Satoshi to 450 Satoshi . 

 

Selling levels :

 

you are free to sell whenever you want if you are making a profit .

 

 

stop lose levels : 

 

under 415 Satoshi 

 

you can check my previous analysis in the forum with the results here : 

 

 

 

 

 

https://cryptotalk.org/topic/321245-snm-coin-analysis-160-profit-chance/

 

 

https://cryptotalk.org/topic/319971-bitcoin-weekly-analysis /

 

 

 make sure to ask anything in the comment below and dont forget to leave a like if you interested to see more topics / analysis in the near future .

 thank you and happy posting.

 

all charts rights reserved to me .

 

Edited November 9, 2020 by iloveyobit

[Smallingcane012 344]

Coin technical analysis is very undestandable to anyone but sometimes it depends on individual reason.