empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

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.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.