empty
 
 
28.09.2023 04:46 PM
Litecoin at crossroads

Litecoin continues to move sideways in the short term and it seems undecided. It's located at 63.76 at the time of writing. It has changed little as BTC/USD seems undecided as well. Still, the downside pressure is high as the bearish bias remains intact.

Litecoin is down by 1.59% in the last 24 hours and is up by 0.45% in the last 7 days. In my opinion, Bitcoin's growth could help the altcoin to come back higher as well.

LTC/USD Range!

This image is no longer relevant

LTC/USD is trapped between 65.88 and 62.79 levels. It was about to reach and retest the downtrend line which represents an upside obstacle.

As long as it stays below it, Litecoin could develop a new sell-off. False breakouts through this dynamic resistance signals a deeper drop.

LTC/USD Outlook!

A new lower low, a bearish closure below 62.79 activates more declines and could be seen as a selling signal.

Taking out the resistance levels, jumping and closing above the downtrend line and above 65.88 indicates a larger growth.

Summary
Urgency
Analytic
Ralph Shedler
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback