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.
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