Litecoin (LTC) Daily Price Forecast – 20 August

  Litecoin technical analysis: LTC approaches $ 70 and drops $ 13 billion from December 2017

LTC / USD Medium-term trend:

Resistance levels: $ 59, $ 60, $ 61
Support levels: $ 54, $ 53, $ 52

Last week the price of Litecoin was in a lateral trend. The LTC price was fluctuating between the levels of $ 56.71 and $ 62.07. The cryptocurrency dropped to a minimum at $ 50.49 and then resumed its movement tied to the interval. Today, the price of Litecoin will continue its price movement within the levels of $ 60 and $ 50. If the price breaks the minimum prior to $ 50, the cryptocurrency will decrease further. Moreover, if the price breaks resistance at $ 60, digital

However, the MACD line and the signal line are on par with the zero line indicating a sales signal. In addition, the price of Litecoin is equal to the 12-day EMA and the 26-day EMA which indicates that a downward trend is under way. The index 14 of the relative resistance is the level 52 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 indicating that the price is in an uptrend. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase 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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