THELOGICALINDIAN - Litecoin has confused its activating and starts announcement lower highs and lows
Litecoin / USD Short-term amount analysis
Litecoin has a bearish concise trading outlook, with the LTC / USD brace actualization more anemic beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that the contempo abatement in the cryptocurrency has helped to actualize a ample arch and amateur pattern, with the LTC / USD brace aerial about neckline support.
Technical indicators on the four-hour time anatomy are bearish and abide to accommodate a able advertise signal.
Pattern Watch
Traders should agenda that the bearish arch and amateur arrangement on the four-hour time anatomy has a downside bump of about $40.00.
Relative Strength Index
The Relative Strength indicator on the four-hour time anatomy is bearish and is now trading in oversold territory.
MACD Indicator
The MACD indicator is bearish on the four-hour time anatomy and continues to accomplish a bright advertise signal.
Litecoin / USD Medium-term amount analysis
Litecoin has a bullish medium-term trading bias, with the cryptocurrency still trading able-bodied aloft its trend-defining 200-period affective average.
The circadian time anatomy shows that a abstruse about-face has now occurred, with the cryptocurrency now creating bearish lower highs and lower lows. Key abstruse abutment for the LTC / USD brace is currently begin at the $100.00 and $84.00 levels.
Technical indicators are axis lower and abide to affair a bearish trading arresting on the circadian time frame.
Pattern Watch
Traders should agenda that a bearish triple-top arrangement accumulation is additionally in comedy on the circadian time frame.
Relative Strength Index
The Relative Strength indicator on the circadian time anatomy is axis lower and continues to accomplish a bearish trading signal.
MACD Indicator
The MACD indicator is bearish on the circadian time frame, with both the MACD arresting band and histogram arising a advertise signal.
Conclusion
Litecoin is ability abstruse affairs aback appear the $100.00 abutment level, with the bearish arrangement on the four-hour time anatomy pointing to a abeyant bead appear the $60.00 level.
The dynamics accept additionally confused on the circadian time frame, which may abode the LTC / USD pair’s 200-day affective boilerplate aback in focus over the medium-term.
Check out our bread guide for an addition to Litecoin.
We additionally wrote a DARE for the project, allegory the approaching affairs of the Bitcoin competitor.
