Litecoin (LTC) Daily Price Forecast – 10 September

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LTC / USD Mid-term Trend: Bearish

Strength Levels: $ 60, $ 70, $ 80
Levels of support: $ 50, $ 40, $ 30

Last week the price of Litecoin was in a downward trend On 5 September a downward peak brought the price to the minimum of $ 53.90 and further devalued to a minimum of $ 51.78 Litecoin's price reached the critical level of $ 50, which is the main support level

Traders will start long operations in anticipation of a trend Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that a downward trend is in progress Relative Strength Index period 14 is level 42 which indicates that the pre zzo is in the sideway s trendy area.

Short-term LTC / USD: bullish

In the 1 hour chart, the LTC price is in an uptrend. The price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. The MACD line and the signal line are above the zero line indicating a purchase signal.

The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.

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