Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday April 14, 2023.
April 14, 2023 6:23 am
On the daily chart, the bias of Litecoin cryptocurrency still in the Bull condition indicated by its price movement above the Moving Average, but after breaking above the Equal High level 95.14 as well as the formation of Rising Wedge Pattern and the appearance of the deviation between price movement with Awesome Oscillator indicator seems to give the clue that in a few days ahead, Litecoin has the potential to depreciated, corrected down below to test its Bullish Fair Value Gap level area on the range 78.63-73.14 if the levels in this area are strong enough to hold the downward correction rate and as long as the decline does not drop below the 71.86 level, Litecoin has the potential to appreciate again to rally up to test the Bearish Rejection Block area level 100.81-104.73 even to the 106.19 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart, the bias of Litecoin cryptocurrency still in the Bull condition indicated by its price movement above the Moving Average, but after breaking above the Equal High level 95.14 as well as the formation of Rising Wedge Pattern and the appearance of the deviation between price movement with Awesome Oscillator indicator seems to give the clue that in a few days ahead, Litecoin has the potential to depreciated, corrected down below to test its Bullish Fair Value Gap level area on the range 78.63-73.14 if the levels in this area are strong enough to hold the downward correction rate and as long as the decline does not drop below the 71.86 level, Litecoin has the potential to appreciate again to rally up to test the Bearish Rejection Block area level 100.81-104.73 even to the 106.19 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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