LTCUSD Medium-term Pattern: Bearish
Resistance: $145, $140, $135
Assist: $115, $120, $125
Yesterday, Could 21st the LTCUSD pair was vary certain between the degrees of $150 and $130. The asset was ranging and was resisted at a worth of $140. If the worth of Litecoin breaks the resistance at $140, the asset will attain the highs of $150 and $160. The LTCUSD pair is at the moment buying and selling at $133.22 on the time of writing. From the weekly chart, the resistance at a worth of $140 precipitated Litecoin to fall to the low of $133.22.
If the bears reach breaking the help degree at $130, Litecoin will fall to the low of $115. The asset will proceed with its vary certain motion if the help degree at $130 will not be damaged. In the meantime, the relative power index interval 14 is degree 29 signifies that the market is oversold suggesting that bulls will take management of the market.
LTCUSD Brief-term Pattern: Bearish
On the day by day chart, the worth of Litecoin is falling and heading in direction of the vital help degree at $130. The bearish outlook is confirmed by the 20-day shifting common and the 50-day shifting common that’s trending southward.
The views and opinions expressed right here don’t mirror that of CryptoGlobe.com and don’t represent monetary recommendation. All the time do your personal analysis.