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28.02.202507:53 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday February 28, 2025.

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 28.02.2025 analysis

With the appearance of Divergence between the price movement of Litecoin and the Stochastic Oscillator indicator on the 4-hour chart, it confirms that in the near future the Litecoin cryptocurrency will potentially be corrected to weaken downwards where the level of 116.25 will try to test its resistance as a support level, but as long as the decline does not break and close below the level of 105.70, then this decline is only a normal weakening correction and can even potentially make Litecoin find its strengthening momentum again so that this cryptocurrency has the potential to strengthen again where the level of 129.37 will try to be tested to be breaks and close above it, and if it turns out to be successful, Litecoin has the potential to appreciate and strengthen up to the level of 147.98, even if the strengthening momentum and volatility support it, it is not impossible that the level of 159.50 will be the next target to be aimed for.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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