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Litecoin "LTC" Technical Analysis | 15 August 2019

2019-08-15 08:03 am | Resource: Technical Analysis Section | No Views : 39

Litecoin The digital currency Litecoin (LTC) against USD fell during trading on Sunday from areas of $ 90.91 due to weak demand and the currency fell about $ 71.86 achieved this morning.
It is worth mentioning that, during Monday's trading the digital currency broke the $ 85.81 area and during yesterday's trading broke the $ 79.59 area.
Litecoin "LTC" Technical Analysis | 15 August 2019
The Litecoin (LTC) is trading through a downtrend that is currently forming over the 4 hour interval.
This trend is supported by the breach of the $ 83.81 zones, which confirmed the breach of the ascending trend line mentioned last week.

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

The ADX indicator indicates that the bearish trend has grown stronger over time and the current trend is strong with trading above 50 pips.
The 20 SMA is currently bearish.
Momentum indicator with defaults is still bearish.

Outlook:

It is expected that, in case of the digital currency breakout levels of $ 90.91, Litecoin (LTC) may target the area of $ 117.26.
On the other hand, if the digital currency breaks the $ 71.26 area, the cryptocurrency may target $ 79.59 levels.
Support: 71.86-63.49-58.79
Resistance: 79.59 - 85.81- 94.62
Trend: Down

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