LITECOIN AGAINST US DOLLAR TECHNICAL ANALYSIS ON H1 CHART
Publish Date : 2019/08/28 - 10:13

LITECOIN AGAINST US DOLLAR TECHNICAL ANALYSIS ON H1 TIMEFRAME


The pair has been fluctuating in a descending triangle for a while.

It seems that the price is about to test the support level.

We have to highlight the point that stochastic indicator has just recently came out of overbought area.

Moreover,the 100 SMA has just crossed below the 200 SMA which means the support being broken scenario is more likely than being held.

If it happens,the prices could fall down as much as the triangle’s height.

Source:Babypips

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