Latest LITECOINUSD Technical Analysis Forecast – 08 December 2022

Latest LITECOINUSD Technical Analysis Forecast – 08 December 2022

Litecoin Price Chart

LITECOINUSD Technical Analysis: Weekly Chart

In the weekly charts, Litecoin was trading in a down channel. litecoin is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 75.00 the resistance level is at 79.00

Litecoin was traded in a down channel before there is an upside breakout

LITECOINUSD Technical Analysis: Daily Chart

In the daily charts, Litecoin is trading in an up channel. Litecoin is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 78.00 the resistance level is at 80.00

Litecoin will trade in a down channel until there is a trend reversal.

How to Trade Litecoin this Week:

Litecoin will follow the uptrend until its trend reversal. So, remain bullish on Litecoin.

TRADE SUGGESTION- BUY AT 77.05, TAKE PROFIT AT 79.00 AND STOP LOSS AT 75.00.

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