Technical analysis of Litecoin For July 27, 2018

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If we look at the 4-hour chart, we can see that Litecoin is trading with a bullish bias. Besides, the price has been already moving in the upward channel but the Stochastic is near the oversold level. This means this cryptocurrency is going to make a small correctioin in a few days at least to test its nearest support level at 79.82. As long as Litecoin does not break out and closes below the 78.71 level, the bias for Litecoin remains bullish.

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The material has been provided by InstaForex Company - www.instaforex.com