# Crypto Technicals: Litecoin hits 21-week lows below $65, further weakness on charts

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3217
Published: 2019-08-29T08:54:43.000Z
Updated: 2019-08-29T08:54:43.000Z
Section: Investing

> Support: 57.06 (Mar 26 low); Resistance: 69.47 (61.8% Fib)

[LTC/USD](<https://www.tradingview.com/symbols/LTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 57.06 (Mar 26 low); Resistance: 69.47 (61.8% Fib)

Technical Analysis: Bias Bearish

Litecoin hits 21-week lows below $65, bias strongly bearish.

LTC/USD is extending weakness below 200-DMA, price action slips below 61.8% Fib.

Major trend in the pair is bearish. Volatility is rising. Momentum with the bears.

Potential 'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps downside pressure.

The pair has broken major support at 110W EMA at 71.52. Scope for test of 78.6% Fib at 48.67.

Failure to close below 110W EMA could see some consolidation. Break above 200-DMA (85.40) negates bearish bias.

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## Links in this article

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