Permanecer 
Condiciones de negociación
Products
Herramientas
Litecoin climbed to the $57.00 intraday high on Friday, after finding support close to $52.00 on Thursday. The crypto might have carved a bottom at around $40.00 or is very close to carving one soon. Bulls might remain inclined to hold prices above $40.00 to keep the near-term structure constructive and push through the $73.00 initial resistance.
Litecoin has been dropping since May 2021 after printing all-time highs at around the $403.00 mark as seen on the daily chart here. The crypto might have terminated a larger degree corrective wave close to $40.00 as bulls are pushing prices above the channel support. Also, the immediate trend line resistance seems to have broken as prices enter the buy zone targeting the $73.00 resistance next.
Litecoin has potentially carved a lower degree upswing between $40.00 and $55.00-56.00 in the past few trading sessions. If a meaningful bottom is in place, prices will push through initial resistance at $73.00 and confirm that bulls are back in control. Traders might be preparing to hold long positions from here on.
Potential rally towards $73.00 against $40.00
Good luck!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
