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: