[ad_1]
Litecoin has experienced a surge in the last few days after passing Bitcoin Cash in the criptovaluta capital cap ranking.
The price has risen from around $ 22.70 to a maximum of $ 30 yesterday, an increase of over 30%.
Since then, the price has begun to return to the markets, and operators may have indications that the surge is coming to an end. Today's candle is forming a Doji.
A Doji candle is a candle where the opening and closing of the candle are around the same point and typically represents uncertainty on the merchant side.
Other factors would indicate that Litecoin will probably move down from here.
It is underperforming the other major cryptocurrencies in the top ten of the last 24 hours.
The hourly chart also started to record lower highs, a sign that the recent wave could be over.
This perspective is further supported by the decrease in the hourly MACD and the RSI.
This shows that the short-term momentum is on the sellers side and the price that can push the price to lower levels from here.
Key Takeaways:
- After a significant surge, numerous factors indicate that Litecoin may have reached the end of its peak.
- The daily candle is forming a Doji which shows uncertainty on the part of the traders.
- The hourly chart is forming lower peaks together with the hourly MACD and the decrease in the RSI.
| NOTE: Investing or negotiating digital assets, such as those present here, is extremely speculative and involves considerable risks. This analysis should not be considered an investment advice, use it for information purposes only. The historical performance of the assets discussed is not indicative of future results. Statements, analyzes and information on blokt and associated or associated sites do not necessarily correspond to the opinion of blokt. This analysis should not be interpreted as advice for purchase, sale or storage and should not be taken as approval or recommendation of a particular asset. |
RELATED ARTICLES
MORE FROM OUR PARTNERS
Advertisement
[ad_2]Source link
