Litecoin Technical Analysis. Medium-term prognose.
today we would like to provide long-term analytics of the ltc/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 22-30-40 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of July 2019:
1) 40 usd/ltc - Februar 5, 2020
2) 30 usd/ltc - March 27, 2020
3) 22 usd/ltc - May 22, 2020
However, earlier purchases are also possible, which will cause a break through the trendline .
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 40 usd / ltc.
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The proposed levels are in the price range of 22-30-40 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of July 2019:
1) 40 usd/ltc - Februar 5, 2020
2) 30 usd/ltc - March 27, 2020
3) 22 usd/ltc - May 22, 2020
However, earlier purchases are also possible, which will cause a break through the trendline .
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 40 usd / ltc.
If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments.
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