08.12.202311:50 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Litecoin Cryptocurrency, Friday December 08, 2023.

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On the daily chart of the Litecoin cryptocurrency, price movements can be seen and the Tenkansen and Kinjunsen which are in the Golden Cross condition are moving above the Kumo even though the Chikou Span is stuck in the Candle bodies but their position is above the Kumo, so based on these data it can be concluded that the Litecoin movement overall it is in a strengthening condition where in the next few days Litecoin has the potential to go to level 76.71 as long as there is no downward correction movement that passes level 69.17 because if this level is successfully penetrated then the strengthening scenario described previously will become invalid and cancel itself .

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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