Analysis of Daily Price Movement of Litecoin Cryptocurrency, Thursday April 6, 2023.
April 6, 2023 6:22 am
From its daily chart of Litecoin cryptocurrency, we can get the information if the buyers are struggling to lift #LTC to break above the level 95,14 where it is indicated by the price movement moving above its Moving Average and the MACD indicator is in the Positive BUY area but is currently being held back by the Bearish Orderblock level of 92.51. If the 92.51 level is strong enough to hold back Litecoin’s rally and makes #LTC collapse again below the 84.78 level then it is certain that the current rally will be halted for the next few days but if the 95.14 level is successfully broken above then Litecoin will continue strengthening up to the level area 100.75 – 104.73.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
From its daily chart of Litecoin cryptocurrency, we can get the information if the buyers are struggling to lift #LTC to break above the level 95,14 where it is indicated by the price movement moving above its Moving Average and the MACD indicator is in the Positive BUY area but is currently being held back by the Bearish Orderblock level of 92.51. If the 92.51 level is strong enough to hold back Litecoin’s rally and makes #LTC collapse again below the 84.78 level then it is certain that the current rally will be halted for the next few days but if the 95.14 level is successfully broken above then Litecoin will continue strengthening up to the level area 100.75 – 104.73.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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