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

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2820
Published: 2019-07-29T11:25:56.000Z
Updated: 2019-07-29T11:25:56.000Z
Section: Investing

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

[LTC/USD](<https://www.tradingview.com/symbols/LTCUSD/>) 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](<http://www.fxwirepro.com/currencyindex>).



## Links in this article

- [LTC/USD](https://www.tradingview.com/symbols/LTCUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)