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Litecoin "LTC" Technical Analysis | 15 July 2019

2019-07-15 07:55 am | Resource: Technical Analysis Section | No Views : 163

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.


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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