empty
 
 
28.11.2023 07:16 PM
Litecoin: new upward movement confirmed

Litecoin is trading in the green at 69.86 at the time of writing and it seems determined to extend its growth. The altcoin dropped by 6.08% from Saturday's high of 72.19 to 67.80 today's low.

In the last 24 hours, Litecoin is up by 1.13% but it's down by 0.10% in the last 7 days. After the last swing higher, a temporary retreat was natural, trying to attract new buyers before jumping higher.

LTC/USD Bullish Momentum!

This image is no longer relevant

LTC/USD dropped in the short term, developing a flag pattern. This was seen as a bullish formation. The sell-off ended around the 68.00 psychological level and now it has escaped from the chart pattern.

As you can see on the H1 chart, the rate jumped and closed above the 69.38 former high which represented a key upside obstacle.

Litecoin Forecast!

Breaking above 69.38 is seen as a long opportunity.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback