Litecoin Technical Analysis & How To Trade Litecoin

Litecoin Technical Analysis

LITECOIN Technical Analysis: Weekly Chart

Litecoin Technical Analysis

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 37.57090 and the resistance level is at 92.65160

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

LITECOIN Technical Analysis: Daily Chart

Litecoin Technical Analysis

In the daily charts, LITECOIN is trading in an upward channel.

It is trading above MA (20) but below MA (50) and MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 40.40510 and the resistance level is at 64.25015

LITECOIN is trading in an upward channel until there is a trend reversal.

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 30.68585, TAKE PROFIT AT 4.12900, AND STOP-LOSS AT 48.39035

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