empty
 
 
19.04.2024 04:09 AM
Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024.

This image is no longer relevant

From what wee seen on the 4 hour chart of Litecoin cryptocurrency, we can conclude that currently still inside the selling pressure where this weakness confirmed by the Death Cross of MA 20 which is under MA 200, as well as the appearance of Rising Wedge pattern as well as Stochastic Oscillator indicator which managed to breaks below the overbought level (80) so that in the near future Litecoin has the potential to weaken although there is a potential of strengthening correction to the level area of bearish Fair Value Gap, but as long as the strengthening correction does not break above the level 94,62, then Litecoin still inside the selling pressure so that will have the potential to continue its weakness until the level area of 78,66-76,22 as the main level area target and if the momentum as well as the volatility is supporting enough, then Litecoin will continue its weakness until level 70,73.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback