. LITECOIN Price Technical Analysis, Forecast and News - CSFX

LITECOIN Price Technical Analysis, Forecast and News – CSFX

02 May 2022

LITECOIN Technical Analysis: Weekly Chart

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 88.71729 and the resistance level is at 131.99499

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

LITECOIN Technical Analysis: Daily Chart

In the daily charts, LITECOIN is trading in 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 94.52672 and the resistance level is at 108.21189

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 87.73371, TAKE PROFIT AT 49.37393, AND STOP LOSS AT 115.27406