Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday August 18 2023.
August 18, 2023 5:24 am
With price movements which is moving harmoniously in the Bearish Pitchfork Channel and below WMA (20) and the CCI indicator managed to break below the three important levels on the daily chart, this confirms that sellers are quite dominant in this Cryptocurrency, but because it is stuck at lower line of the Bearish Pitchfork, then in the near future there will be a correction upwards to the level of 77.08 and as long as the upward correction does not exceed above the level of 79.55 then the Bearish condition on Litecoin will continue up to the level of 52.60.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With price movements which is moving harmoniously in the Bearish Pitchfork Channel and below WMA (20) and the CCI indicator managed to break below the three important levels on the daily chart, this confirms that sellers are quite dominant in this Cryptocurrency, but because it is stuck at lower line of the Bearish Pitchfork, then in the near future there will be a correction upwards to the level of 77.08 and as long as the upward correction does not exceed above the level of 79.55 then the Bearish condition on Litecoin will continue up to the level of 52.60.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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