16.12.202208:37 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday December 16, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After successfully breaking down the Rising Wedge pattern on the 4-hour chart of the Litecoin cryptocurrency, now #LTC has the potential to be corrected upwards briefly in order to gain momentum to continue its decline while the level to be tested is 74.65-76.30 if this level is strong enough to hold the pace of correction above it and not exceeding and breaking above the 76.60 level, Litecoin will potentially fall back down again to the 68.27 level as the first target and the 66.10-63.34 area level as the second target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade