Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday, July 14 2023.
July 14, 2023 7:26 am
On the daily chart of the Litecoin cryptocurrency, it can be seen that the bull momentum is quite strong, which can be seen from the movement of the CCI indicator which managed to penetrate above 3 levels starting from -100,0,100, while currently it is still stuck in the Bullish Fair Value Gap level area. its (Cyan Box) which acts as a Support Area level where if this level is strong to hold the downward correction rate and does not exceed below the 83.51 level then Litecoin in the next few days has the potential to continue its rally up to the 105.24 – 109.19 area level as its main target and if the momentum and volatility are quite supportive, so it is not impossible that Litecoin will head to the next target at the 114.00 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart of the Litecoin cryptocurrency, it can be seen that the bull momentum is quite strong, which can be seen from the movement of the CCI indicator which managed to penetrate above 3 levels starting from -100,0,100, while currently it is still stuck in the Bullish Fair Value Gap level area. its (Cyan Box) which acts as a Support Area level where if this level is strong to hold the downward correction rate and does not exceed below the 83.51 level then Litecoin in the next few days has the potential to continue its rally up to the 105.24 – 109.19 area level as its main target and if the momentum and volatility are quite supportive, so it is not impossible that Litecoin will head to the next target at the 114.00 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: