Litecoin Technical Analysis, Lastest Price and Forecast

Litecoin Technical Analysis, Lastest Price and Forecast

Litecoin Technical Analysis

LITECOIN Technical Analysis: Weekly Chart

Litecoin Technical Analysis

In the weekly chart, 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 35.60376 and the resistance level is at 92.65164

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

LITECOIN Technical Analysis: Daily Chart

Litecoin Technical Analysis

In the daily chart, 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 39.65658 and the resistance level is at 56.25500

LITECOIN is trading in a downward 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 31.66942, TAKE PROFIT AT 5.11266, AND STOP-LOSS AT 45.43960

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