Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday October 06, 2023.
October 6, 2023 6:22 am
With the appearance of a deviation pattern between Litecoin price movements and the Stochastic Oscillator indicator on the 4-hour chart of the Litecoin cryptocurrency, this confirms that Litecoin is currently in the hands of sellers, but currently there is a upward rally correction taking place to test the level area of 65.71-66.04. If this area level is strong enough to hold back Litecoin’s rally and acts as a resistance area level, then, Litecoin has the potential to fall back down to level 62.96, but if the upward correction continues until it breaks above level 67.74, it is very likely that Litecoin will continue its upward movement.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of a deviation pattern between Litecoin price movements and the Stochastic Oscillator indicator on the 4-hour chart of the Litecoin cryptocurrency, this confirms that Litecoin is currently in the hands of sellers, but currently there is a upward rally correction taking place to test the level area of 65.71-66.04. If this area level is strong enough to hold back Litecoin’s rally and acts as a resistance area level, then, Litecoin has the potential to fall back down to level 62.96, but if the upward correction continues until it breaks above level 67.74, it is very likely that Litecoin will continue its upward movement.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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