Litecoin / TetherUS
롱

LTC: Support Breakout

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Litecoin (LTC) technical analysis:

Trade setup: Following a breakout from a Symmetrical Triangle, price reached $115 resistance where it got rejected. Now it’s broken back below 200-day Moving Average (~$90), which puts the uptrend at risk. We need to see the price regain that level to signal uptrend resumption, with upside to $115.

Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.

Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $90, which it broke, then $80. The nearest Resistance Zone is $105, then $115.

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