LTIM Breakout Incoming – Watch for a Spike!

Sep 25

LTIM has recently broken out of a weekly triangle pattern and is now retesting key demand zones on both the daily and weekly timeframes. This setup creates a high-probability scenario for a potential bullish spike.

Key Points:

Breakout of Weekly Triangle Pattern: The price has recently broken above a long-term triangle formation on the weekly chart. This type of pattern often signals a potential trend reversal or continuation, and in this case, the breakout points to bullish momentum.

Retesting Demand Zones: After the breakout, LTIM is retesting significant demand zones on both the daily and weekly charts, creating a potential setup for a strong bounce. These zones often act as a springboard for further upward movement, especially in conjunction with a breakout.

Technical Setup:

Weekly Triangle Breakout: A strong breakout above the resistance trendline.


Daily & Weekly Demand Zones: The price is currently testing key support zones, creating an excellent buying opportunity.



Conclusion: With the breakout of a weekly triangle pattern and a successful retest in both daily and weekly demand zones, I anticipate a significant price spike in LTIM. This presents a promising long opportunity for traders.