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21.03.202307:25 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Tuesday March 21, 2023.

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Although on its daily chart Litecoin Cryptocurrency currently experiencing a decline and is trying to test and break below the 73.68 level, but if this level acts as a significant support and as long as it doesn't break below the 64.56 level then Litecoin will have the opportunity to appreciate again where this is confirmed by the formation of the Descending Broadening Wedge pattern so that Litecoin has the potential to rally up to the 87.56 level and if this level is successfully broken then the 104.73 level will be the next target to try.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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