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Litecoin "LTC" Technical Analysis | 1 August 2019

2019-08-01 12:37 pm | Resource: Technical Analysis Section | No Views : 54

Litecoin Litecoin (LTC) against USD rebounded last Monday from $ 83.81 and continued to rise to break the bearish trend line.
The digital currency broke through the resistance areas of $ 94.62 as a result of pressure on the bulls and continued to rise until resistance zones $ 99.03.
 Litecoin "LTC" Technical Analysis | 1 August 2019
The digital currency of Letcoin (LTC) is trading through a bullish trend in formation over the interval. 240 minutes This trend supports the breach of the bearish trend line. Currently, we do not recommend buying before breaching areas of 99.03 $.

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

The ADX index during morning trading indicates that the strength of the uptrend has decreased over time.
The SMA 20 is currently bullish and represents a very important support area at the moment.
And the index of the momentum of the MACD with the default settings pointing upward at the moment.


It is expected that, in the case of the digital currency breach of levels of $ 99.03, the Litecoin (LTC) may target areas of $ 117.26.
While, in the case of the Litecoin (LTC) break of the area of $ 83.81, the encrypted currency may target levels of $ 79.59.
Support: 94.62 - 85.81 - 79.59
Resistance: 99.03- 102.32- 109.51
Trend: Up

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