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26.05.202310:17 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday May 26, 2023.

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With the appearance of hidden deviations between price movements and the Stochastic Oscillator indicator which also happens to be at the Overbought level and price movements that happen to intersect with the EMA 20 and its 50% Fibonacci Resistance so that the last candle forms the Candle Shooting Star pattern, in the near future Litecoin has the potential to depreciates downwards as long as there is no upward correction that exceeds the 90.95 level, Litecoin will try to break below the 81.78 level. If this level is successfully broken down, Litecoin will continue its decline to the 79.30 level as the first target and the 76.11-72.61 area as the next target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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