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Litecoin "LTC" Technical Analysis | 5 August 2019

2019-08-05 08:04 am | Resource: Technical Analysis Section | No Views : 61

Litecoin Litecoin (LTC) against USD on Friday failed to break through the resistance zones of $ 99.03 due to sellers' pressure on it.
Thus, the digital currency fell to break areas of 94.62 $ during the trading on Friday and continued to bleed until the areas of $ 90.07 achieved during yesterday's trading.
Litecoin "LTC" Technical Analysis | 5 August 2019
Litecoin (LTC) is trading in a bullish direction. The trend is currently weak due to its inability to $ 99.05 and also due to the formation of a bottom lower than the 240 minute interval.
We do not recommend buying or selling at this time until the encrypted currency is followed by a scenario of the two mentioned in the forecasts below.

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

The ADX indicator is currently neutral as a result of non-trading through a specific direction.
The simple moving average 20 is neutral at the moment due to overlapping price action.
The MACD torque indicator with the default settings is neutral at the moment.


It is expected that, in the case of the digital currency breach of levels of $ 99.96, Litecoin (LTC) may target areas of $ 120.80.
On the other hand, in the case of  Litecoin (LTC) break of area of $ 90.07, the encrypted currency may target levels of $ 79.59.
Support: 85.81- 79.59- 71.86
Resistance: 94.62 - 99.03 - 102.32
Trend: Up

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