Litecoin (LTC) Daily Price Forecast – 17 September

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LTC / USD Medium-Term Trend: Bullish

Strength Levels: $ 60, $ 65, $ 70
Support levels: $ 55, 50, $ 45

Last week Litecoin's price was rising, the bullish trend started when the price fell to $ 47.14 The price of Litecoin is making a series of higher peaks and higher levels, an uptrend line is drawn that shows the price support levels. The trader can start a long negotiation if the price tests and rebounds on the line However, if the price breaks the trend line, the current trend will be invalidated.The LTC price is currently in the previous limit zone and approaches the upper level of the price range.

the price of Litecoin reaches a maximum of $ 60, but pot would meet resistance at that level. Meanwhile, the MACD line and the line signal are above the zero line indicating a purchase signal. In addition, Litecoin's premium is higher than the 12-day EMA and 26-day EMA which indicates that the price is in the uptrend zone. The period 14 of the relative resistance index is level 57 which indicates that the price is close to the uptrend zone.

Short-term LTC / USD: 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 above the zero line indicating a signal above.

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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