. Litecoin Technical Analysis, Forecast and Trading Signals - CSFX

Litecoin Technical Analysis, Forecast and Trading Signals

20 Jun 2022

LITECOIN Technical Analysis: Weekly Chart

In the weekly 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 39.21395 and the resistance level is at 80.77910

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

LITECOIN Technical Analysis: Daily Chart

In the daily charts, LITECOIN is trading within a rectangle.

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 39.31955 and the resistance level is at 56.22310

LITECOIN is trading within a rectangle. There is a possibility of either a breakout or a breakdown occurring.

How to trade LITECOIN this week:

LITECOIN is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 38.26930, TAKE PROFIT AT 4.26150, AND STOP-LOSS AT 62.83055