The price of Litecoin (LTC) is in a downward correction as it has been stuck above $40 support. The cryptocurrency has been restricted below the 21-day line SMA. The altcoin’s upward movement is stalled below the 21-day line SMA.
Surely, Litecoin will fall back to the previous low of $40 as it faces rejection at the 21-day line SMA. Since June 19, the bulls have been desperately trying to break above the recent high. LTC/USD is trading at $54.25 at the time of writing.
Litecoin rodiklių analizė
Litecoin has fallen to level 45 on the Relative Strength Index for the 14 period. The price of LTC is in a downtrend and is in a position to fall as it faces rejection at the 21-day line SMA. The 21-day line SMA is the resistance line for the price bars. Litecoin is above the 40% area of the daily stochastic. This indicates that the market is in a bullish momentum. The 21-day line SMA and the 50-day line SMA are down, indicating a downtrend.
Techniniai rodikliai:
Pasipriešinimo lygiai: 140, 180 220, XNUMX XNUMX USD
Palaikymo lygiai: 100 60 USD, 20 XNUMX USD, XNUMX XNUMX USD
Koks kitas „Litecoin“ žingsnis?
Litecoin could continue its downward movement as it faces rejection at the recent high. Buyers could not overcome the resistance at $52. The resistance at $52 was the previous low on May 12. The cryptocurrency will retrace and reach the current price low of $40 again.
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Source: https://coinidol.com/litecoin-reaches-bullish-exhaustion/