Litecoin (LTC) Daily Price Forecast – January 21st

LTC / USD medium-term trend: bearish

• Strength levels: $ 66, $ 68, $ 70
• Support levels: $ 30, $ 28, $ 26

Last week, Litecoin's price was in an uptrend zone. The price of the crypt was swinging above the price level of $ 30 from January 14th. On January 19, the bulls took the maximum price of $ 33 and began a range range movement over the 12-day EMA and 26-day EMA. The price of the crypt was rejected at the price of $ 33 and the bears broke the 12-day EMA and the 26-day EMA. The price of the crypt dropped to a minimum of $ 30.88.

The price of Litecoin is less than 12 days EMA and the 26-day EMA indicates that encryption is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. Furthermore, the stochastic is located in the oversold region but below the 20% interval which indicates that the crypt has a strong downward impulse and a sell signal.

Short-term LTC / USD trend: bearish

On the 1 hour chart, the price of Litecoin was in a bearish trend zone. On January 20, the bears broke the 12-day EMA, the 26-day EMA and the price fell to $ 30.60. The price of the crypt made a bullish movement at the EMA and was countered by the 12-day EMA.

The price of encryption is decreasing because it is less than 12 days EMA and 26 days EMA. Meanwhile, the Stochastic is in the overbought region but below the 60% range, which indicates that the crypt is in a bearish momentum and a sell signal.

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