country flagالعربية
0
0

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.

Outlook:

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

Other analysis

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.