Litecoin managed to fend off 40.00 for now but the bearish signals are still around. The selling volume also increased and the RSI is also in a depressed territory. LTC/USD 1-hour chart Litecoin has been looking bearish on Monday as the price tested and printed below 40.00. The price is just about to test a previous support zone which could now act as resistance at 41.20. The price is also trading under both 55 and 200 moving averages which also had a bearish crossover. Looking at the indicators now the RSI has moved into bearish territory and this is after hitting oversold conditions recently. The volume has also picked up as the selling kicked in indicated by the circle on the volume histogram below. 40.00 will now be the main level of support that needs to be watched. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next New York Fed says it will reduce the frequency of some repo operations – NY Fed website FX Street 2 years Litecoin managed to fend off 40.00 for now but the bearish signals are still around. The selling volume also increased and the RSI is also in a depressed territory. LTC/USD 1-hour chart Litecoin has been looking bearish on Monday as the price tested and printed below 40.00. The price is just about to test a previous support zone which could now act as resistance at 41.20. The price is also trading under both 55 and 200 moving averages which also had a bearish crossover. Looking at the indicators now the RSI has moved into bearish territory and this is after… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
