SimpleFX Blog
    Facebook Twitter Instagram
    Monday, August 15
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»SFX Analysis: LTCUSD and Walmart Rallying Ahead of Big Events
    Analysis

    SFX Analysis: LTCUSD and Walmart Rallying Ahead of Big Events

    Zach WrightBy Zach WrightAugust 18, 2020No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    We chose LTCUSD and WMT.US for our today’s technical analysis. Litecoin is appreciating as investors are anticipating the upcoming upgrade, while Walmart was trading close to an all-time high as the market awaits the Q2 earnings report that will be revealed today.

    SimpleFX LTCUSD Chart Analysis: August 18, 2020

    The market continues to move within the yellow channel. For a long time, the price was near its lower wall.

    Not so long ago, the cryptocurrency pair pushed off from the lower yellow line, and we saw the formation of a new green channel.

    If the bulls continue to lead the market up and can break through the upper line of the green channel and the resistance level of 75.97, then they can open the way to the upper line of the yellow channel and the resistance level of 109.79, which is on it.

    There is also a chance that the bulls will not have enough strength to move further, so in the near future, the decline is possible to the support level of 59.15, located on the lower wall of the green channel.

    Then, when this price level is broken, LTCUSD will continue to move down to the lower line of the yellow channel and the support level of 47.45.

    SimpleFX WMT.US Chart Analysis: August 18, 2020

    Currently, we see the development of a bullish trend, which is formed inside the yellow and green channels.

    In the current situation, there are two possible scenarios.

    In the first case, the market can continue to move up to the upper wall of the yellow channel and the resistance level of 146.62. If the bulls manage to break through this level, we could see a continuation of the price increase to the upper line of the green channel and the level of 154.13.

    In the second option: wall mart may start moving in a downward direction, and if it breaks the lower line of the green channel and the support level of 130.51, it will open a path to the lower yellow line and the support level of 115.42.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJapan Hit By the Dramatic GDP Drop But Still Yen Holds On
    Next Article European Stocks Down in Reaction to Fed Minutes
    Zach Wright

    Related Posts

    Two Scenarios for BTCUSD in 2022

    August 12, 2022

    BlackRock Inc. To start a private investment fund.

    August 12, 2022

    Bitcoin Breaks $24 with Authority

    August 11, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT