Litecoin Technical Analysis, Lastest Price and Forecast
06 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 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
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: