LTC / USD medium-term trend:
Strength levels: $ 70, $ 75, $ 80
Support levels: $ 60, $ 55, $ 50
Last week the LTC price it was in a lateral trend. The digital currency fluctuates between the resistance level at $ 60 and the support level at $ 50. However, on August 22, the price of Litecoin reached the maximum of $ 59.43 and the price drop to a minimum of $ 56. , 21. The digital currency had fluctuated below and above the $ 56.21 price. Today the LTC price does not have a significant price movement because the market is quiet.
The price will react the same way this week until a breakout occurs. However, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. The index 14 of the relative resistance is the level 48 which indicates that the price is 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 higher than the 12-day EMA and the 26-day EMA which indicates that the price is in trend. The MACD line and the signal line are on a par with the zero line indicating a neutral signal.
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