Litecoin Breaks Out of Down Channel, Shows Bullish Signs – 09 March 2023
09 Mar 2023
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.