LTC / USD Medium-Term Trend: Bearish
Strength Levels: $ 60, $ 70, $ 80
Support Levels: $ 45, $ 35, $ 25
Yesterday, 11 September, the price of Litecoin was in a bearish trend. In the lower price of Litecoin it fell to the lowest level of the price range which is the $ 50 level. The cryptocurrency was previously between the levels of $ 60 and $ 50. If the price level of $ 50 holds traders it should start a long negotiation and exit this trade at the upper level of the price range.
While remembering to place a stop loss below $ 50 price level If the lower level fails to maintain, the price will find support at the $ 45 price level. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.In addition, the price of Litecoin is lower than the 12-day EMA and 26-day EMA which indicates that a downtrend trend is ongoing The index 14 is the level 29 which indicates that the price is in the lateral trend zone.
Short-term LTC / USD: Bearish
In the 1 hour chart, the LTC price is in a bearish trend. The price of cryptocurrency is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. 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.