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Weekly forecast Litecoin technical chart
Symbol LTCUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 16, 2022 - 09:39
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 93.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI resistance #2 at 51 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 65.85 on 08/14/2022, so more losses to support(s) 51.95, 46.40, 40.30 and more depths is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Symbol Released Current Forecast
Litecoin (LTCUSD) free Fri, 22 Mar 2024
Litecoin (LTCUSD) free Sun, 17 Mar 2024
Litecoin (LTCUSD) Sun, 25 Feb 2024
Litecoin (LTCUSD) Mon, 19 Feb 2024
Litecoin (LTCUSD) Sun, 11 Feb 2024