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Litecoin registered a strong drop in the short term but the sell-off seems over. It's trading at 89.77 at the time of writing. The price action developed a potential flag pattern which could represent a bullish formation.
Ripple is down by 0.67% in the last 24 hours and by 0.76% in the last 7 days. Bitcoin's strong growth should help the altcoin to grow as well.
LTC/USD crashed after failing to take out the median line (ml). Now, it has found support on the 84.50 level and it seems determined to rebound.
The ascending pitchfork's lower median line (lml) represents a dynamic support. As long as it stays above it, the altcoin could develop a new leg higher. Technically, the price action develops a down channel pattern which could announce an upside movement.
A valid breakout through the channel's upside line brings new longs and activates a new swing higher.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
