The Litecoin at 4 hour chart looks like it cannot breach the Support Zone Level between 73.07-74.80, and it seems it will go back to upside way event. The bias from the Litecoin is in a Bearish bias. The upside movement seems just only a correction, but for a few days, there is possibility for this cryptocurrency to reach 84.63 level before it come back to the previous original trend (Bearish). As long as the XAG/USD does not break out and close above the 92.42 level then the Silver will still be in Bearish a bias.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
The Litecoin at 4 hour chart looks like it cannot breach the Support Zone Level between 73.07-74.80, and it seems it will go back to upside way event. The bias from the Litecoin is in a Bearish bias. The upside movement seems just only a correction, but for a few days, there is possibility for this cryptocurrency to reach 84.63 level before it come back to the previous original trend (Bearish). As long as the XAG/USD does not break out and close above the 92.42 level then the Silver will still be in Bearish a bias.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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