empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

02.05.202320:58 Forex Analysis & Reviews: Litecoin: downside seems over

Litecoin continues to move sideways in the short term, so we have to wait for fresh opportunities. It's trading at 87.78 at the time of writing. The altcoin could extend its range before developing a strong move.

In the last 24 hours, LTC/USD is up by 1.35% but it's down by 1.83% in the last 7 days. Bitcoin's growth should force Litecoin to grow as well.

LTC/USD Bullish Pattern Violated!

Exchange Rates 02.05.2023 analysis

You knew from my previous analysis that LTC/USD developed a down channel pattern which could announce a new leg higher. The ascending pitchfork's lower median line (lml) represents a dynamic support, so as long as it stays above it, the altcoin could come back higher.

As you can see on the H1 chart, the rate escaped again from the down channel pattern signaling that the downside movement ended and that the buyers could take the lead.

LTC/USD Outlook!

A new higher high, a bullish closure above 91.70 activates further growth. This is seen as a new long opportunity.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
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.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.