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Litecoin continues to move sideways in the short term, so we have to wait for fresh opportunities. It's trading at 87.78 at the time of writing. The altcoin could extend its range before developing a strong move.
In the last 24 hours, LTC/USD is up by 1.35% but it's down by 1.83% in the last 7 days. Bitcoin's growth should force Litecoin to grow as well.
You knew from my previous analysis that LTC/USD developed a down channel pattern which could announce a new leg higher. The ascending pitchfork's lower median line (lml) represents a dynamic support, so as long as it stays above it, the altcoin could come back higher.
As you can see on the H1 chart, the rate escaped again from the down channel pattern signaling that the downside movement ended and that the buyers could take the lead.
A new higher high, a bullish closure above 91.70 activates further growth. This is seen as a new long opportunity.
*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।
