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Litecoin price set to print a very classical bullish pattern

Mikhailev by Mikhailev
August 20, 2022
in Litecoin
0
Litecoin price set to print a very classical bullish pattern
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Litecoin value exhibits ambition in response to the Fed’s interest rate decision. A bullish engulfing candlestick is one hour away from settling because the New York Session comes to finish. The bullish engulfing candle will set up a extra necessary morning star pattern on the day by day chart. 

Litecoin value presently trades at $58.75. There’s a slight uptick in transactions based on the Quantity Profile Indicator. Additonaly the bulls have hurdled each the 8- and 21-day easy shifting averages. If the technicals are appropriate a rally in the direction of $70 could be underway. A breach above the $62 congestion zone could possibly be the catalyst maker of the potential transfer. 

tm/ltc/7/22/22

LTC/USD Every day Chart

Within the following video, our analysts deep dive into the value motion of Litecoin, analyzing key ranges of inerest available in the market. -FXStreet Crew

 



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