Litecoin (LTC) price shows sigs of exhaustion after its recent upswing. If profit-taking turns into panic selling, then the chances of a steep correct
Litecoin price suggests a potential 15% correction after the sweep of the $70.69 range high. Depending on the 12-hour RSI’s encounter with the mean level of 50 LTC could either rally or slide lower. Invalidation of the bearish outlook will occur on the flip of the $70.69 hurdle into a support floor. ion are high for LTC holders.
A bounce off the mean level could hold the key to making or breaking LTC’s next move. A failure from bulls could trigger a breakdown of the RSI’s 50 level, which is likely to enforce a bearish outlook. In such a case, Litecoin price could slide lower and aim for the sell-side liquidity resting below the October 19 swing low of $59.70. But in an ideal rangebound scenario, LTC could sweep the range low of $57.69.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Litecoin (LTC) up 8% as On-Chain Activities Hit New High, What Comes Next?Litecoin (LTC) transaction metrics as showcased by Santiment depict more imminent rally
Weiterlesen »
Litecoin address activity explodes, signaling rising LTC circulation among tradersLitecoin price reversed its gains on Friday, despite on-chain activity signaling rising interest from market participants. LTC’s on-chain address acti
Weiterlesen »
Polkadot Price Forecast: A correction or second coming for DOT holders?Polkadot (DOT) price struggles to keep the bullish momentum afloat as it breaks out of a three-month downtrend. This uptrend is undergoing a pullback
Weiterlesen »
Solana Price Forecast: SOL holders need to exercise patience to capitalize on 40% rallySolana (SOL) price and SOL holders are in a state of confusion about what to expect next. The future of SOL will be dictated by two key support levels
Weiterlesen »
Pound Sterling Price News and Forecast: GBP/USD holds steady above 1.2100 markGBP/USD failed to make a decisive move in either direction and closed the day virtually unchanged on Thursday. The pair holds steady above 1.2100 earl
Weiterlesen »