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09.12.202207:42 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday December 09 2022.

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With the appearance of deviations between price movements and the CCI indicator and the appearance of the Rising Wedge pattern on the daily chart of the Litecoin Cryptocurrency, in the near future Litecoin has the potential to depreciate below the 73.74 level. If this level is successfully broken, Litecoin has the potential to continue its decline to the 68.16 area - 62.52 during its journey to the targets, there was no upward correction that exceeded the 84.14 level because if this level is successfully penetrated above, it will cancel all setups for the decline previously described.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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