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Litecoin Technical Analysis | 26 February 2018

2018-02-26 08:20 am | Resource: Technical Analysis Section | No Views : 1426

Litecoin Technical Analysis | 26 February 2018 Litecoin (LTC) breached the bearish trend line during yesterday's trading as a result of the pressure of the buyers on the digital currency on the interval 240 minutes, and with the opening of trading today penetrated the area $ 217.28 confirms the breach of the downward trend line.
Litecoin Technical Analysis | 26 February 2018
The electronic currency is trading in a bullish direction and the simple moving average 20 is positively intersecting with the bearish trend line which supports the buyers in the encrypted currency.
Momentum The Relative Strength 14 broke through the bearish trend line during yesterday's trading and the index is currently trading above the 50 area, indicating the pressure of the bulls on the currency.
So far, we do not recommend buying electronic currency "Litecoin" until it crosses through $ 251.7.
It is expected that, in the case of breaking the electronic currency to form areas of levels of 192.88 may target levels of $ 157.16, while in the case of breach levels of 251.7 may target the level of 285.03 $.
Support: 163.05 - 136.63 - 125.00
Resistance: 213.26- 244.60- 285.03
Trend: Up

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