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Litecoin (LTC) Price analysis – 6 August
litecoin-ltc-price-analysis-august-6 [19659004] The 14 RSI period is level 40, which means that the price is in the limit zone.
Litecoin Trading View Chart
LTCUSD Trend a medium term: Bearish
Resistance levels: $ 75, $ 77, $ 79
Levels of support: $ 70, $ 72, $ 74
The Last week the LTC price was bearish, but has fluctuating between the levels of $ 91 and $ 74. On 4 August the bears broke the support level at $ 74 but the bulls defended the level and had a withdrawal. Today bearish pressure continues as bears take control. If the bears manage to break the level and the price goes down; the LTC price will be supported at $ 57 or $ 52.
Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price bars are under the 12-day EMA and the 26-day EMA indicating that the downward trend is underway.
Short-term trend LTCUSD: Bearish
Chart Litecoin of Trading View
In the 4-hour chart, the price of Litecoin broke the support level at $ 74 and the price fell to a low of $ 72. The bulls took control and brought the price to a maximum of $ 74. The bears regained control and made another attempt at the support level of the limit zone. Meanwhile, the relative relative strength index period 14 is level 40, which indicates that the price of Litecoin is in the area bounded at the interval.
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