How Soon Will Litecoin Breach This Psychological Resistance Level?

How Soon Will Litecoin Breach This Psychological Resistance Level?

Litecoin
April 28, 2023 by secret
129
In line with other indicators, LTC has shown sell signals associated with negative price action. The Moving Average Convergence Divergence (MACD), which indicates price momentum and reversals, has continued to form red histograms, signaling sellers to the table. The Directional Movement Index has also been negative, with the +DI line (blue) below the -DI line
kanchanara-PxGgCR0IZ80-unsplash.jpg


In line with other indicators, LTC has shown sell signals associated with negative price action. The Moving Average Convergence Divergence (MACD), which indicates price momentum and reversals, has continued to form red histograms, signaling sellers to the table.

The Directional Movement Index has also been negative, with the +DI line (blue) below the -DI line (orange). Furthermore, the Average Directional Index has fallen below the 20-mark, indicating that the current price trend lacks strength. However, with an increase in demand and broader market strength, LTC may be able to break through its overhead resistance level in the coming trading sessions.

Featured Image From UnSplash, Charts From TradingView.com



Source link

Add a comment