ETHMXN New High in More Than 2 Years
September 1, 2020
ETHUSD Falls After New High in 2 Years
September 2, 2020
LTCUSD CHART PRICE – LTCUSD DAILY
After a bad trading day Litecoin broke the support at 62.11 and is now closer to the new support at 54.20, the moving averages have not crossed in more than a month, and now they are closer to each other, however there should not be a cross anytime soon as it is a lagging indicator since we have 20 and 40 periods, we see that the relative strength index went down almost 10% in a trading session, meaning that the downtrend could continue all the way to a new support level, the bollinger bands are wide although a bit narrower than previous days, so we can expect volatility in the markets for this pair.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
