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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.


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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