08.03.202410:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday March 8 2024.

If we look at the 4-hour chart of the Litecoin cryptocurrency, you can see the Golden Cross condition of EMA 20 with EMA 50 and the MACD indicator has also started to cross BUY even though it is still below level 0 (Sell Area) so it is possible that in the near future Litecoin will be corrected briefly reached the 86.56-85.39 area level, but as long as the weakening correction does not penetrate below the 83.70 level, Litecoin still has the opportunity to strengthen again until it breaks above the 89.42 level and if this level is successfully exceeded then Litecoin will go to the 90.96 level as the main target and if the momentum and volatility enough to support it, it is not impossible that level 95.14 will be the next target to aim for.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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