Litecoin (LTC) Daily Price Forecast – 2 January

Medium-term LTC / USD trend: bullish

• Strength levels: $ 66, $ 68, $ 70
• Support levels: $ 30, $ 28, $ 26

Yesterday, January 1, the price of Litecoin was in a bearish trend zone. The price of the crypto was trading at $ 31.38, but below the bearish trend zone. Today, the price of encryption has interrupted the 12-day EMA, the 26-day EMA and the price level of $ 32 which indicates that the price is likely to rise.

Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The Stochastic is outside the oversold region and is approaching the 80% range indicating that the price is in a bullish momentum and a buy signal. The price of the crypt is expected at the price level of $ 34.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the price of Litecoin is in an uptrend. On January 1, the price of the crypt was in the bearish trend zone, with a price of $ 31.04. Bulls have broken EMAs up today and Litecoin is currently trading at $ 33.

The MACD line and the signal line are above the zero line indicating a purchase signal. The Stochastic is outside the overbought region but above the 20% range. This indicates that Litecoin has a strong downward impulse and a sales signal.

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