FX.co ★ Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday January 12, 2024.

After successfully exiting the ranging-sideways area (blue box) and successfully breaking above the Ross Hook (RH) on the four-hour chart, Litecoin has the opportunity to continue its strengthening up to level 74.55 and if the Ross Hook (RH) level is successfully break above then level 77.77 will have the potential to be tested by Litecoin where this strengthening has also been confirmed by the price position moving above WMA 20 but please also pay attention to the appearance of the Ascending Broadening Wedge pattern and the deviation between price movements and the Stochastic Oscillator indicator, there is potential for a downward correction However, as long as the weakening correction does not break below the 63.90 level, the strengthening scenario described previously is still ongoing and valid.

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