empty
 
 
id
Bantuan
Pembukaan akun instan
Platform Trading
Deposit/Penarikan

25.05.202318:18 Forex Analysis & Reviews: Litecoin at Support, what now?

The price of LTC/USD crashed in the short term as the BTC/USD plunged. Bitcoin's deeper drop should force the altcoins to decline lower. Still, after its strong downside movement, we cannot exclude a temporary rebound. It was trading at 84.58 at the time of writing.

LTC/USD dropped by 13.14% from last May 17 to 82.52 today's low. In the last 7 days, LTC/USD is down by 7.51% and by 1.53% in the last 24 hours.

LTC/USD Sell-Off

Exchange Rates 25.05.2023 analysis

Technically, LTC/USD found resistance at 94.01, and now it has reached the lower median line which represents a downside obstacle (dynamic support). As long as it stays above this support, the altcoin could turn to the upside again.

The 82.11 former high represents a static support. It remains to see how LTC/USD will react around the immediate downside obstacles.

LTC/USD forecast

False breakdowns below the lower median line (lml) could announce a new leg higher, which could represent the first bullish signal.

A new lower low, dropping and closing below 82.11 activates more declines.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Manfaat dari rekomendasi para analis saat ini
Akun trading teratas
Buka akun trading

Tinjauan analitis InstaSpot akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaSpot, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

Dapatkan perubahan tingkat kriptokurensi dengan InstaSpot
Download MetaTrader 4 dan buka trading pertama Anda
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.