Litecoin: imminent breakout
October 31, 2023 8:22 pmVideo
Latest News
- Forecast for GBP/USD on April 12, 2024 April 12, 2024
- Forecast for AUD/USD on April 12, 2024 April 12, 2024
- Outlook for GBP/USD on April 12. The pound once again failed to leave the same range April 12, 2024
- Outlook for EUR/USD on April 12. New ECB meeting April 12, 2024
- The market is disappointed and softening expectations for the FOMC rate April 12, 2024
- Christine Lagarde: inflation is easing April 12, 2024
- ECB threw a lifeline to the euro April 11, 2024
- Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024
- Trading Signals for GOLD (XAU/USD) for April 11-15, 2024: buy above $2,345 (6/8 Murray – symmetrical triangle) April 11, 2024
- EUR/USD: trading scenarios on April 11, 2024 April 11, 2024
- Analysis and trading tips for USD/JPY on April 11 (US session) April 11, 2024
- Analysis and trading tips for GBP/USD on April 11 (US session) April 11, 2024
- Analysis and trading tips for EUR/USD on April 11 (US session) April 11, 2024
- Technical Analysis – USDCAD surges to new almost 5-month high April 11, 2024
- Technical Analysis – EURGBP’s double bottom still waits for confirmation April 11, 2024
- Technical Analysis – US 30 index slides below 50-day SMA April 11, 2024
- Video market update for April 11, 2024 April 11, 2024
- EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024
- GBP/USD. April 11th. The US inflation report shocked the bulls April 11, 2024
- Technical Analysis – USDCHF unlocks 6-month high April 11, 2024
Litecoin is moving sideways in the short term. It’s trading at 68.65 at the time of writing. After the last strong upside movement, a retreat was natural. The price continues to accumulate more bullish energy before jumping higher.
In the short term, it seems undecided, that’s why we have to wait for fresh opportunities. In the last 24 hours, LTC/USD is down by 0.57% but it’s up by 0.71% in the last 7 days.
LTC/USD Consolidates Its Gain!
Technically, LTC/USD ended its last retreat and now it is challenging the median line (ml) and the weekly pivot point of 68.87.
Failing to take out 60.75 announced exhausted sellers and that the buyers could take it higher.
LTC/USD Forecast!
Staying near the median line (ml) and right below 70.68 indicates an imminent breakout. A valid breakout through these obstacles validates more gains.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: