Baxia Markets
July 04, 2021

Litecoin finds resistance at $149

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The cryptocurrency had a four-day winning streak. After being unable to break the resistance at $149, it fell and is currently 10.83% down from that level.

The relative strength index is at 40%, and it did not risk entering an overbought status when it started dropping. The current RSI will allow the pair to continue falling in the short term.

The Bollinger bands are somewhat wide, and we can expect high volatility over the next few days. The pair could find support at $119. If the price falls, we would have to see where that leaves the RSI to make a trading decision.


Litecoin July 2nd 2021

The short and long-term moving averages are still moving down, indicating the continuation of the downtrend. The spread between the lines is expanding, which is another downtrend signal.



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