Litecoin – Cryptocurrency Technical Analysis & Trade Ideas

Litecoin – Cryptocurrency Technical Analysis & Trade Ideas

crypto technical analysis

LITECOIN Technical Analysis: Weekly Chart

In the weekly charts, LITECOIN is trading in a downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 88.29072 and the resistance level is at 124.86976

LITECOIN is trading in a downward channel until there is a trend reversal.

LITECOIN Technical Analysis: Daily Chart

In the weekly charts, LITECOIN is trading in a downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 100.38392 and the resistance level is at 112.12018

LITECOIN is trading in a downward channel until there is a trend reversal.

How to trade LITECOIN this week:

LITECOIN is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 99.96848, TAKE PROFIT AT 80.63406 AND STOP LOSS AT 114.18498

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