Litecoin – Cryptocurrency Technical Analysis & Trade Ideas

Litecoin – Cryptocurrency Technical Analysis & Trade Ideas

litecoin technical analysis

LITECOIN Technical Analysis: Weekly Chart

litecoin technical analysis

In the weekly charts, LITECOIN is trading within a descending triangle.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 80.84862 and the resistance level is at 137.89649

LITECOIN is trading within a descending triangle until there is a breakdown.

LITECOIN Technical Analysis: Daily Chart

litecoin technical analysis

In the daily charts, LITECOIN is trading within 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 currently trading below zero which indicates bearishness.

The immediate support is at 87.87022 and the resistance level is at 96.60375

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

How to trade LITECOIN this week:

LITECOIN is trading within a descending triangle until there is a breakdown. If the price breakdowns, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 78.88145, TAKE PROFIT AT 39.53810, AND STOP LOSS AT 104.45464

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