Litecoin Technical Analysis, Trade Ideas and Signals
30 May 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 49.37392 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
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: