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Litecoin "LTC" Technical Analysis | 21 March 2019

2019-03-21 08:12 am | Resource: Technical Analysis Section | No Views : 118

Litecoin Litecoin (LTC) against USD corrected by a previous Fibonacci retracement of 0.50 and rebounded from these areas during yesterday's trading around $ 61.68.
The digital currency broke through the 0.23 Fibonacci retracement area thus falling towards areas of $ 60.51.
 Litecoin "LTC" Technical Analysis | 21 March 2019
The digital currency is trading in a minor upside direction. Currently, the trend is weakening over the 4 hour interval due to the continuation of the correction. Technical indicators do not support the current bullish trend so we do not recommend buying before the correction ends.

Analysis of technical indicators of the digital currency Litecoin 

The ADX indicator is still insignificant at the moment.
The SMA 20 is neutral as it is not trading in a specific direction.
The MACD torque indicator with the default settings is also neutral.


It is expected that, in the case of a digital currency breach of areas of $ 63.49, the Litecoin may target areas of $ 71.86.
On the other hand, in the case of a digital currency break of $ 57.91, Litecoin might target $ 55.03.
Support: 58.79 - 53.17 - 47.26
Resistance: 63.49 - 71.86 - 85.81
Trend: Up

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