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Litecoin "LTC" Technical Analysis | 12 September 2019

2019-09-12 09:10 am | Resource: Technical Analysis Section | No Views : 14

Litecoin The cryptocurrency Litecoin (LTC) against USD failed to breach the $ 71.86 resistance areas due to weak buyers' determination during yesterday's trading.
The cryptocurrency continued to fall to the $ 68.00 areas it achieved during yesterday's trading.
Litecoin "LTC" Technical Analysis | 12 September 2019
The digital currency has a neutral outlook for the time being as a result of not trading through a specific trend and trading between $ 66.29 and even $ 70.14 zones over the 240 minute interval.

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

The ADX is currently neutral, with trading below 20 pips.
The 20 SMA is neutral as a result of overlapping price action.
Momentum indicator with default settings is currently bearish.

Outlook:

It is expected that, in the event of the digital currency breach of levels of $ 72.52, Litecoin (LTC) may target the area of $ 83.60.
Whereas, in the case of the digital currency break of $ 68.00 zone, Litecoin (LTC) may target the crypto levels of $ 63.49.
Support: 63.49- 58.79- 55.00
Resistance: 71.86-79.59 - 85.81
Trend: Neutral

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