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Litecoin "LTC" Technical Analysis | 15 July 2019

2019-07-15 07:55 am | Resource: Technical Analysis Section | No Views : 122

Litecoin Litecoin (LTC) (litecoin) against USD as a result of weakness of buyers' resolve failed to stabilize the highest resistance areas of $ 102.32, thus falling around $ 84.92 achieved this morning.
During the trading on Saturday and Sunday broke the digital currency areas support $ 99.03 and then broke the trend line and broke the support area of ​​94.62 $.
Litecoin "LTC" Technical Analysis | 15 July 2019
The cryptocurrency Litecoin (LTC) is trading in a bearish direction that supports the trend breaking the ascending trend line during the current week's trading on the 4-hour time frame, and the technical indicators indicate the strength of the bearish trend.

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

The ADX indicator points to the strength of the bearishness in trading above the 60-point levels.
The SMA 20 indicated a bearish signal which supports the current bearish trend.
The MACD torque indicator with the default settings is currently down.

Outlook:

It is expected that, in the case of the digital currency breach of levels of $ 106.87, the Litecoin (LTC) may target areas of $ 118.00.
On the other hand, in the case of the Crypto break of the area of $ 84.92, The encrypted currency may target levels of 86.59 $.
Support: 85.81 - 79.59 - 71.86
Resistance: 94.62, 99.03, and 102.32
Trend: Down
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