Litecoin Technical Analysis, Trade Ideas and Signals

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 49.37392 and the resistance level is at 94.61880

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 below its previous 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 56.18042 and the resistance level is at 72.01998

LITECOIN is trading outside and below its previous 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 48.39034, TAKE PROFIT AT 20.85000, AND STOP-LOSS AT 71.01278

About Author

Related posts

US 30 YR. T-BOND technical analysis

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS

US 30 YR. T-BOND Price Technical Analysis: Weekly Chart In the weekly charts, US 30 YR. T-BOND is trading in down channel. US 30 YR. T-BOND is currently trading below all SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its...

Read More
EURAUD TECHNICAL ANALYSIS

EURAUD Technical Analysis and Investing Tips For EURAUD

EURAUD Technical Analysis: Weekly Chart In the weekly charts, EURAUD is trading in an up channel. EURAUD is currently trading below 50 and 100 days SMA & above 20 days SMA. RSI is in over bought zone which indicates mild bearishness. MACD is currently below zero which indicates bearishness....

Read More

Leave a Reply