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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.

Outlook:

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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