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Litecoin "LTC" Technical Analysis | 19 July 2019

2019-07-19 08:08 am | Resource: Technical Analysis Section | No Views : 109

Litecoin Litecoin (LTC) against USD failed during yesterday's trading to break the support areas of 79.59 $ due to weakness of sellers' resolve.
The digital currency, the silver Bitcoin, "Litecoin" rebounded during yesterday's trading to breach $ 85.81, then $ 94.62, and continued to rise as high as $ 102.32.
Litecoin "LTC" Technical Analysis | 19 July 2019The digital currency is currently languishing in a rebound wave to reduce losses and gain more bearish momentum so far, the current trend is bearish on the 240-minute interval.

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

The ADX indicator is not important at the moment.
And the 20 SMA is showing a bullish trend during midday trading.
And the index of the momentum of the MACD with the default settings pointing upward at the moment and indicates the increasing torque of the bulls.

Outlook:

It is expected that, in the case of the digital currency breach of levels of $ 102.32, the Litecoin (LTC) may target areas of $ 120.00.
On the other hand, in the case of the Litecoin (LTC) break of area of $ 86.61, the encrypted currency may target levels of $ 71.86.
Support: 94.62 - 85.81 - 79.59
Resistance: 99.03- 102.32 - 109.51
Trend: Down

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