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Litecoin "LTC" Technical Analysis | 19 June 2019

2019-06-19 08:14 am | Resource: Technical Analysis Section | No Views : 77

Litecoin Litecoin (LTC) (litecoin) is against USD during Friday trading, specifically during overnight trade, failed to break through the resistance zone of $ 136.63 due to dog weakness.
The encoded currency fell from $ 138.89 towards the first support areas at $ 129.83 and the currency rebounded back towards $ 136.04.
Litecoin "LTC" Technical Analysis | 19 June 2019
The Litecoin (LTC) is trading in a sideways direction as a result of trading between the upper and lower rib regions of a classic symmetrical triangle on the 4-hour interval.
Technical indicators support our view as a result of not trading in a specific direction.

Analysis of technical indicators of the digital currency Litecoin (LTC):

The ADX indicator does not indicate a specific trend as a result of trading below 20 pips.
The 20 SMA is currently neutral as a result of not trading in a specific direction.
The momentum indicator MACD with the default settings indicated it is currently neutral due to non-trading in a specific direction.

Outlook:

It is expected that, in the case of the digital currency breach of levels of $ 138.89, the Litecoin (LTC) may target areas of $ 163.05.
On the other hand, in the case of the cryptocurrency break area of $ 128.19, the Litecoin (LTC) may target $ 114.06.
Support: 129.38 - 125.00 - 120.80
Resistance: 136.63- 142.31- 163.05
Trend: SideWay

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