Litecoin Price Chart, Forecast, Technical Analysis and Trade Signals

Litecoin Price Chart, Forecast, Technical Analysis and Trade Signals

Litecoin Price Chart

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

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