Baxia Markets
February 21, 2022

Litecoin finds support at 108

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The cryptocurrency is on a downtrend after failing to complete the breakout of the 23.2% Fibonacci retracement at 143.15. Our parabolic SAR indicator suggests that the pair will continue to fall in the short term.


The Bolliger bands are wide enough to expect mild volatility in the upcoming trading sessions, the price is closer to the lower band but not close enough to consider it low, at this point Litecoins has a relatively fair price level.


Litecoin Feb 18th 2022


The relative strength index is at 43% which will allow the pair to move in either direction in the short term, the support at 108 could be tested again, the short and long-term moving averages are crossing, indicating that an uptrend could start soon.


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