10.11.202311:22 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday November 11, 2023.

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On the daily chart of the Litecoin cryptocurrency, a Triple Bottom pattern can be seen which is also supported by its price movement which moves above WMA 30 Shift 2 which also has an upward slope, as well as the Awesome Oscillator indicator is above level 0 (positive area) where all of these indicates that within a few days ahead, the Litecoin cryptocurrency has the opportunity to strengthen to the level 81.84 as its main target. And if the momentum and volatility are strong enough, then the level of 92.72 will be the next target to be aimed at, however all of these strengthening scenarios will become invalid and cancel themselves if they are on their way heading towards these target levels, Litecoin suddenly reversed direction to weaken until it broken below level 64.04.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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