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Crypto Technicals: LTC/USD ignores 'Hammer' at lows, extends weakness

Monday, July 29, 2019 11:23 AM UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 84.09 (50% Fib); Resistance: 95.15 (20-DMA)

Technical Analysis: Bias Bearish

Litecoin trades with a strong bearish bias, remains capped below 20-DMA.

Technical indicators are turning bearish after brief consolidation.

Stochastics RSI is showing a rollover from overbought levels.

RSI is well below 50 mark. MACD and DMI support weakness. Major moving averages are biased lower.

200-DMA is major support at 77.82. Violation there could accentuate downside.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: LTC/USD ignores 'Hammer' at lows, extends weakness

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