FenzoFx — Litecoin has extended its decline from $89.5 to a key support at $81.5, the April 30 low. Strong selling pressure pushed the Stochastic Oscillator below 20, signaling oversold conditions.
Support at $80.8 could pause the downtrend, potentially leading to a rebound toward $85.5.
Bearish Scenario: If LTC/USD closes below $80.80, the decline may continue toward $79.80.
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Support at $80.8 could pause the downtrend, potentially leading to a rebound toward $85.5.
Bearish Scenario: If LTC/USD closes below $80.80, the decline may continue toward $79.80.
>>> Prop Trading
>>> No Deposit Bonus
>>> %100 Deposit Bonus
>>> Forex Analysis Contest
All at FenzoFx Decentralized Forex Broker
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.