LTC: Pullback in Uptrend
Litecoin (LTC) technical analysis:
Trade setup: Break above $90 had failed to hold up and price broke back below this key leben and is approaching a support zone around $80 and 200–day moving average, which could be an attractive swing entry.
Trend: Downtrend on Short-Term basis, Uptrend on Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Trade setup: Break above $90 had failed to hold up and price broke back below this key leben and is approaching a support zone around $80 and 200–day moving average, which could be an attractive swing entry.
Trend: Downtrend on Short-Term basis, Uptrend on Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
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