empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

27.07.201807:04 Forex Analysis & Reviews: Technical analysis of Litecoin For July 27, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 27.07.2018 analysis

If we look at the 4-hour chart, we can see that Litecoin is trading with a bullish bias. Besides, the price has been already moving in the upward channel but the Stochastic is near the oversold level. This means this cryptocurrency is going to make a small correctioin in a few days at least to test its nearest support level at 79.82. As long as Litecoin does not break out and closes below the 78.71 level, the bias for Litecoin remains bullish.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off