empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

08.05.202406:05 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Wednesday May 08, 2024.

Exchange Rates 08.05.2024 analysis

With the appearance of hidden deviations between the price movement of the Litecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, this gives an indication that in the near future Litecoin has the potential to weaken, which has also been confirmed by the Death Cross of MA 50 and MA 200, so based on this - this and as long as there is no strengthening correction that breaks above level 83.37, Litecoin has the potential to continue its weakening to level 79.89 as the main target and if momentum and volatility support then level 78.58 will be the next target to be aimed.

(Disclaimer)

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

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.