logo

FX.co ★ Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday December 16, 2022.

Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday December 16, 2022.

Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday December 16, 2022.

After successfully breaking down the Rising Wedge pattern on the 4-hour chart of the Litecoin cryptocurrency, now #LTC has the potential to be corrected upwards briefly in order to gain momentum to continue its decline while the level to be tested is 74.65-76.30 if this level is strong enough to hold the pace of correction above it and not exceeding and breaking above the 76.60 level, Litecoin will potentially fall back down again to the 68.27 level as the first target and the 66.10-63.34 area level as the second target.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account