LTO Network Trading Near All-Time Lows (Chart Mapped W/ Targets)

2 abr 2020

About LTO Network

LTO Network bills itself as a hybrid blockchain designed for trustless B2B collaboration. The private layer is for data sharing and process automation (each process residing on its own miniature ad-hoc permissionless private chain). The public layer acts as a global security settlement layer — an immutable digital notary. This hybrid approach reportedly makes LTO Network GDPR and data privacy compliant, as well as scalable and ready for adoption.

Source: Coinmarketcap.com

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We are looking at LTO Network (LTOBTC) for the first time, this one is pretty new on Binance so we have little data.

I looked at the full chart on a different exchange and prices are now trading near All-Time Lows and we have really low volume, with prices now moving above EMA10 this one deserves a look.

On the chart above I marked all the targets with the Fib. extension tool.
The green arrow shows the bullish path.

• If prices drop, support can be found around 0.00000400 - 0.00000430. A bounce can take place at this range.
  
  
• If prices drop and close below 0.00000400 on the weekly timeframe, then the bears get the upper hand, prices are likely to drop.
  

We remain bullish as long as prices are trading above EMA10 (0.00000500). Thanks a lot for your support.

Namaste.