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Litecoin Technical Analysis | 21 February 2018

2018-02-21 07:12 am | Resource: Technical Analysis Section | No Views : 608

Litecoin Technical Analysis | 21 February 2018 After that, the digital currency Litecoin "LTC" against USD broke through the upper border of the classic rectangular flag over the 4-hour interval, failed to breach the resistance area of $ 244.61 and then the support levels fell again.
Litecoin Technical Analysis | 21 February 2018
The electronic currency is still trading in a bullish direction in formation but this trend is suffering from a weakness, so we recommend closing the open positions in anticipation of any negative scenario may follow the currency and the simple moving average 20 pointed so far neutral.
Momentum Relative Strength breached the bullish trend line during yesterday's trading.
It is expected that, in the case of an electronic currency break to form areas of 229 levels may target levels of 307.58 $ (target flag full model), but in the case of break levels of 214 may target the level of $ 183.
Support: 213.26- 163.05 - 136.63
Resistance: 244.60- 285.03 - 300
Trend: Up

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