MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    April 18, 2022

    Litecoin finds support at $102

    technical analysis top header -01

    The cryptocurrency found support at $102 during the second day of trading last week, the price moved upwards 7% since then, but the uptrend does not look very strong as the price found two strong retracements in the last week. The price trades below the short and long-term moving averages, which are about to cross strengthen the downtrend signals in the upcoming sessions.

     

    The Bollinger bands are wide enough to expect high volatility in the short term, the price trades closer to the lower band, but not close enough to consider the price relatively low. The price trades inside the Ichimoku cloud which will bring market uncertainty to the investors, the price could move in either direction at this point.

     

     

    NEW Litecoin April 15th 2022

     

    The relative strength index is at 45% which will allow the price more space for a potential recovery, the RSI has been very stable in the last 5 trading sessions, and the pair might enter a consolidation phase in the short term before breaking out.

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Try Risk-Free Demo  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

    Subscribe by Email