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Litecoin Technical Analysis | 11 January 2019

2019-01-11 08:38 am | Resource: News Section | No Views : 78

Litecoin Technical Analysis | 11 January 2019 Litecoin (LTC) is against USD during yesterday's trading yesterday failed to stabilize above the $ 39.64 due to the negative technical bias we mentioned earlier.
The digital currency dropped the silver Betcuene to break the trend line during the course of trading yesterday evening and continued to fall as far as areas of 32.62 $.
The digital currency of Litecoin is trading in a downtrend on the interval of 240 minutes supporting this trend, breaking the ascending trend line during yesterday evening trading and currently retesting these areas.
We do not recommend selling or buying until the encrypted currency ends from the re-test phase.
Litecoin Technical Analysis | 11 January 2019 
The index of ADX confirms the strength of the current bearish trend.
The SMA 20 has turned bearish during yesterday's trading and currently represents an important resistance area.
The RSI 14 is trading in a bullish trend under formation and is in weakness due to the break of the 70 pip area and also due to a negative technical deviation in the initial configuration.

Outlook:

It is expected that, in the event of a break of the digital currency to form areas of $ 36.05 the Litecoin may target areas of $ 40.27.
While a break of $ 32.59 might target the $ 28.66.
Support: 31.52 -29.88 - 24.44
Resistance: 39.64 - 47.26- 53.17
Trend: Up

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