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Litecoin "LTC" Technical Analysis | 19 August 2019

2019-08-19 08:06 am | Resource: Technical Analysis Section | No Views : 42

Litecoin The digital currency Litecoin (LTC) against USD during last Thursday's trading continued to rise until the areas of $ 77.04 and then as the bulls ran out of power fell towards the areas of $ 71.26.
During dawn trading yesterday the cryptocurrency rebounded from $ 71.26 levels and continued to rise to the $ 77.73 areas it achieved at the beginning of today's trading.
Litecoin "LTC" Technical Analysis | 19 August 2019
Cryptocurrency has a neutral outlook for the time being as a result of not trading in a specific direction as it trades between 76.83 levels and up to 71.26 zones since the last five trading sessions so far on the 4 hour interval.

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

The ADX is currently neutral as a result of not trading in a specific direction.
The 20 SMA is currently neutral.
The MACD Momentum indicator by default indicates that bulls now outperform the bear.

Outlook:

It is expected that, in the event of the digital currency breach of levels of $ 77.73, Litecoin (LTC) may target the area of $ 89.76.
Whereas, in the case of the digital currency break of $ 71.26 area, Bitcoin Silver may target the levels of $ 63.49.
Support: 71.86-63.49-58.79
Resistance: 79.59 - 85.81- 94.62
Trend: Neutral

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