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Litecoin "LTC" Technical Analysis | 25 July 2019

2019-07-25 09:32 am | Resource: Technical Analysis Section | No Views : 66

Litecoin Litecoin (LTC) against USD during a retest of $ 94.62 on Tuesday, which broke it on Monday, failed to break through these areas.
The digital currency continued to bleed as far as $ 86.78 yesterday and rebounded towards $ 96.02.
Litecoin "LTC" Technical Analysis | 25 July 2019 
The cryptocurrency is trading in a bearish direction. This trend is currently in a weak position due to the failure of the break of the first support areas and the rebound to breach the previous peak of the 240-minute time frame.
Currently, we do not recommend selling or buying and even tracking the encrypted currency scenario of the two below.

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

The ADX indicator I mentioned is not important at the moment.
The SMA 20 is neutral at the moment.
The MACD indicator with the default settings is currently bearish and indicates that Bear is currently increasing.

Outlook:

It is expected that, in the case of the digital currency breach of levels of $ 96.02, the Litecoin (LTC) may target areas of $ 117.26.
On the other hand, in the case of the digital currency break encrypted currency area $, the Litecoin (LTC) may target $ 79.59.
Support: 85.81- 79.59- 71.86
Resistance: 94.62 - 99.03 - 102.32
Trend: Down

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