. Litecoin Price Chart, Forecast, Technical Analysis and Trade Signals

Litecoin Price Chart, Forecast, Technical Analysis and Trade Signals

Litecoin Price Chart, Forecast, Technical Analysis and Trade Signals

25 Apr 2022

LITECOIN Technical Analysis: Weekly Chart

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

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

The immediate support is at 90.82623 and the resistance level is at 129.89628

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

LITECOIN Technical Analysis: Daily Chart

In the daily charts, LITECOIN is trading below its previous upward channel.

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

The immediate support is at 94.90770 and the resistance level is at 103.86052

LITECOIN is trading outside and below its previous upward 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 breaks down, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 89.07682, TAKE PROFIT AT 51.17303 AND STOP LOSS AT 118.23358