08.05.202406:05 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Wednesday May 08, 2024.

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With the appearance of hidden deviations between the price movement of the Litecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, this gives an indication that in the near future Litecoin has the potential to weaken, which has also been confirmed by the Death Cross of MA 50 and MA 200, so based on this - this and as long as there is no strengthening correction that breaks above level 83.37, Litecoin has the potential to continue its weakening to level 79.89 as the main target and if momentum and volatility support then level 78.58 will be the next target to be aimed.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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