Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
ATFX

FCA License No: 760555

Language
    ATFX-search-icon
    Client Portal
    Start trading
    rch

    Litecoin reversed from support area

    LTCUSD - Litecoin cryptocurrency prices had undergone a reversal upwards from the support zone found in between the rounded support level of 100.00 (which has been reversing the price from the end of January) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier impulse waves 3 and (3).

     

    Given the vastly improving sentiment seen across the market - LTCUSD Litecoin prices can be expected to rise further toward the next resistance level 114.8 (top of the previous minor correction 2).

     LTCUSD - Primary Analysis - Mar-09 1120 AM (1 day) (1)

    Last Updated: 09/03/2022

    This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


     

    Recent news

    Recent news
    Ethereum prices seek support at $1900

    The cryptocurrency market, Ethereum included, being bearish since the beginning of 2022 ha...

    Recent news
    AUD denied by resistance 0.70675 as employment data improves

    The Australian dollar (AUD/USD) performed below expectations yesterday despite the news of...

    Stellar reversed from resistance zone

    Stellar cryptocurrency recently reversed down from the resistance zone lying between the k...

    Recent news
    How to Mitigate Inflation by Rebalancing Asset Allocation?

    From quantitative easing during the pandemic period to the tightening of monetary policies...

    Litecoin Reversed from Support Zone

    Litecoin cryptocurrency recently reversed up strongly from the support zone lying between ...