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Litecoin Technical Analysis | 31 August 2018

2018-08-31 09:40 am | Resource: Technical Analysis Section | No Views : 2528

Litecoin Technical Analysis | 31 August 2018 Litecoin (LTC) against USD failed to break through the resistance zone of $ 63.49 due to weakness of the bulls in the encrypted currency, and now it has fallen towards areas of $ 58.59.
Litecoin is trading in a bullish direction under formation. This trend is weak due to the failure of the breach of the initial resistance zone and also the break of the $ 60.19 bottom on the 4 hour interval.
Litecoin Technical Analysis | 31 August 2018
The SMA 20 is neutral as a result of interference with the movement of the encoded digital currency.
Momentum RSI 14 broke the ascending trend line during the bullishness during morning trading yesterday, which warns of the bear breaking the bullish trend line on the silver Bitcoin.

Outlook:

It is expected that, in the case of breaking the digital currency areas of $ 58.59 the currency may target areas of $ 53.17.
On the other hand, in the event of a breach of the $ 63.49 area, the digital currency might target the region at $ 73.43.
Support: 53.17- 47.26 - 39.64
Resistance: 63.49- 71.86 - 85.81
Trend: Up

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