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Litecoin crashed as well after Bitcoin's sell-off but now it could try to rebound and recover. The altcoin is trading at 65.30 at the time of writing versus yesterday's low of 62.01. Still, a potential rebound is far from being confirmed.
In the last 24 hours Litecoin is down by 1.49% and by 17.22% in the last 7 days. Only BTC/USD's rebound could help the altcoin to rebound as well.
Technically, LTC/USD found demand above the 61.0 historical level. It has registered only a false breakdown with great separation below this psychological obstacle and through the lower median line (lml) of the descending pitchfork and now is fighting hard to rebound.
Personally, I've drawn an ascending pitchfork hoping that I'll catch a new leg higher. The lower median line (LML) represents dynamic support.
Staying above the LML and jumping above 67.05 activates a larger rebound. This scenario could bring new longs.
*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।
