. Litecoin Technical Analysis, Lastest Price and Forecast - Capital Street Fx

Litecoin Technical Analysis, Lastest Price and Forecast

06 Jun 2022

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 49.60526 and the resistance level is at 90.22572

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 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 56.00478 and the resistance level is at 72.21126

LITECOIN is trading within a rectangle until there is a breakout or a breakdown.

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 47.71594, TAKE PROFIT AT 15.59744, AND STOP-LOSS AT 70.38782