Litecoin

Polkadot

<ul><li>Crypto analysts predict a potential decline in Litecoin due to a bearish descending triangle pattern and high trading volume.</li><li>Faibik&#39;s charts show Polkadot breaking from a bearish trend, indicating a strong bullish momentum with a target substantially higher than the current.</li><li>Investors are advised to closely monitor Litecoin for possible downturns and consider the optimistic growth potential of Polkadot per Faibik’s analysis.</li></ul>Renowned crypto analyst Captain Faibik has released compelling chart analyses highlighting price trajectories for two major crypto assets - Litecoin (LTC) and Polkadot (DOT). In a series of X posts, the analyst shared insightful technical assessments hinting at potential rallies for both digital assets.According to Captain Faibik&#39;s chart analysis, <a href="https://cryptotale.org/?s&#61;Litecoin" rel="noopener noreferrer nofollow">Litecoin&#39;s</a> price movement against the U.S. dollar exhibits a descending triangle pattern. This bearish continuation formation is characterized by converging trendlines representing resistance and support levels. However, the narrowing trading range indicates increasing selling pressure, potentially leading to a breakout below the lower trendline.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e2fc2932637f48f799198df9a2d329a5.png" />Significantly, Faibik highlighted the surge in trading volume, represented by green bars on the right side of the chart. Consequently, this volume spike could signal an imminent breakout or substantial price movement for LTC. The analyst&#39;s chart implies a potential downward trajectory if Litecoin breaches the lower support level. Despite the bearish pattern, the market&#39;s response remains to be seen, with <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">Litecoin&#39;s</a> value of $86.15 at publication, showing a slight recovery of 2.02% in the last 24 hours.<a href="https://cryptotale.org/can-litecoin-and-polkadot-defy-bearish-trends-experts-signal-promising-upticks/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Can Litecoin and Polkadot Defy Bearish Trends? Experts Signal Promising Upticks

CryptoTale

在 2024年3月18日發表的其他文章

Surge in Daily Transactions on Base Network After Dencun Upgrade

Jim Bianco Defends Vanguard’s Decision Against Spot Bitcoin ETF

Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypt...

Standard Chartered Elevates Bitcoin Forecast to $150,000 Amid ETF Inflows

Coinbase to Remove UNFI from Trading List

XRP Navigates Market Waves As Polkadot Eyes Bullish Horizon; Is BlockDAG The Next 1000x Crypto Ma...

訂閱免費電子報，每天收取加密貨幣最新動態！