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After successfully exiting the Ascending Broadening Wedge pattern on the 4-hour chart of the Litecoin cryptocurrency followed by the appearance of Divergence between the Litecoin price movement and the Stochastic Oscillator indicator and the appearance of the Bearish 123 pattern followed by the Bearish Ross Hook (RH) then in the near future, Litecoin has the potential to weaken again to close below the level of 73.29. If the momentum of its weakening and volatility is strong enough, then Litecoin will weaken again to the level of 72.35 as its main target and 70.65 as its second target, but if on its way to the previously described target levels suddenly there is a strengthening of Litecoin especially if it breaks through and closes above the level of 78.17, then all the previously described weakening scenarios will become invalid and automatically canceled by themselves.
(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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