Home Litecoin Technical Analysis: LTC/USD bears take the price back into the 20-day Bollinger Band
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Litecoin Technical Analysis: LTC/USD bears take the price back into the 20-day Bollinger Band

FX Street
Published date:
  • LTC/USD dropped from $46.35 to $45.30 this Wednesday.
  • The MACD indicator shows decreasing bullish momentum.

LTC/USD daily chart

LTC/USD daily chart

LTC/USD is on course of charting a second straight bearish day. LTC/USD was hovering above the 20-day Bollinger Band before the bears took the price back into the band. LTC/USD is currently priced at $45.20 and is hovering above the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. The Moving Average Convergence/Divergence (MACD) indicates decreasing bullish momentum, while the Elliott Oscillator has had six straight green sessions. The Relative Strength Index (RSI) indicator is hovering around 59, in the neutral zone.
 

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