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Litecoin "LTC" Technical Analysis | 23 July 2019

2019-07-23 10:01 am | Resource: Technical Analysis Section | No Views : 74

Litecoin Litecoin (LTC) against USD last Friday rebounded from $ 64.62 and continued to rise towards $ 104.89.
During Sunday's trading, the digital currency dropped from $ 104.89 and continued to bleed to break the $ 99.03 level and continued to fall to break the $ 89.70 zones.
Litecoin "LTC" Technical Analysis | 23 July 2019 
The digital currency is trading in a downtrend on the 4-hour interval. This supports the areas of 99.03 $ 89.70 and failed to return again above the broken bullish trend line.

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

The ADX indicator indicates the strength of the bearish trend over time.
The SMA 20 is currently bearish.
The MACD indicator with the default settings is currently bearish and indicates that Bear is currently increasing.


It is expected that, in the case of the digital currency breach of levels of $ 104.89, the Litecoin (LTC) may target areas of $ 121.00.
While in the case of the Litecoin (LTC) break of area of $ 90.74, the encrypted currency may target the levels of $ 79.59.
Support: 85.81- 79.59- 71.86
Resistance: 94.62 - 99.03 - 102.32
Trend: Down

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