- Analytics
- Technical Analysis
LTCUSD Technical Analysis - LTCUSD Trading: 2023-07-03
Litecoin Technical Analysis Summary
Above 101
Buy Stop
Below 75
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Buy |
Litecoin Chart Analysis
Litecoin Technical Analysis
On the daily timeframe, LTCUSD: D1 is in a long-term uptrend, exceeded the 200-day moving average line and exited the triangle upwards. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if LTCUSD: D1 rises above the last high: 101. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the last 2 lower fractals, the lower Bollinger band, and the 200-day moving average line: 75. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (75) without activating the order (101), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Crypto - Litecoin
The EDX crypto exchange plans to start working with the Anchorage Digital crypto platform. Will LTCUSD quotes continue to rise?
The EDX crypto exchange was created with the participation of large investment companies Charles Schwab, Fidelity Digital Assets, Citadel Securities and others. As we have noted, initially it will interact with Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Players show great interest in these cryptocurrencies. EDX plans to start working with Anchorage Digital, a digital asset platform. This can accelerate the development of this crypto exchange and the creation of its information and settlement system EDX Clearing.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Stop Out Level - Only 10%
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
