Litecoin (LTC) Daily Price Forecast – 17 August

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LTC / USD medium-term trend:

Strength levels: $ 58, $ 59, $ 60
Levels of support: $ 54, $ 53 $ 52

Yesterday, August 16, the LTC price was in a sideways trend. Yesterday, the market was silent for the price of Litecoin and there was no significant price movement. Today, the price of Litecoin approaches the resistance level at $ 60. And the cryptocurrency is about to face resistance at the $ 60 level.

If the price did not break the resistance level at $ 60, it will fall to the level support. However, 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 the 26-day EMA which indicates that there is a downward trend. Period 14 of the relative resistance index is level 51 which indicates the price in the lateral trend zone.

LTC / USD Short-Term Trend: Range

From the 1 hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the exponential moving average which indicates that the price is increasing. Meanwhile, the MACD line and the signal line are on a par with the zero line indicating a neutral signal.

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

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