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LTC / USD Medium Term Trend:
Strength Levels: $ 60, $ 70, $ 80
Support Levels: $ 50, $ 40, $ 30
Yesterday, September 10, Litecoin's price was in a bearish trend: the digital currency fell to a low of $ 53.01 and closed at the price of $ 53.90 Litecoin approaches the price at $ 54. The cryptocurrency was previously between the levels of $ 60 and $ 50. Therefore, the price is likely to be between these levels pending a breakout.
Meanwhile, the MACD line and the signal line is below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12 day EMA and the 39; 26-day EMA indicating that there is a downward trend, level 41 indicating that the price is in the lateral trend zone.
LTC / USD Shor t-term: Bullish
In the 1 hour chart, the LTC price is in an uptrend. The price of cryptocurrency exceeds 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 below the zero line indicating a sales 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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