Crypto Trading: Litecoin Price Technical Analysis and News
16 May 2022
LITECOIN Technical Analysis: Weekly Chart
In the weekly charts, LITECOIN is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 50.35752 and the resistance level is at 132.97856
LITECOIN is trading in a downward channel until there is a trend reversal.
LITECOIN Technical Analysis: Daily Chart
In the daily charts, LITECOIN is trading below its previous downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 58.26554 and the resistance level is at 78.12818
LITECOIN is trading below and outside its previous downward channel.
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: