Litecoin (LTC) Daily Price Forecast – 29 August

  Litecoin Technical Analysis (LTC) July 20

LTC / USD Medium-term Trend: Bullish

Strength Levels: $ 70, $ 80, $ 90
Support Levels: $ 60, $ 50 , $ 40

Yesterday, August 28, the price of Litecoin was in an uptrend. It was assumed that if the price broke the upper level of the interval, the cryptocurrency would reach a maximum of $ 74.91. On the other hand, it was assumed that if the price could not break the upper level of the interval, the LTC price would return to the limit zone of the interval. Today, the price of Litecoin is still in an uptrend and the price has broken the upper level.

The price approaches the $ 74.91 level as suggested above. Meanwhile, 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 period 14 of the relative resistance index is level 77 which indicates that the price is in the uptrend zone.

Short-term LTC / USD: bullish

In the 1 hour chart, the LTC price is in an uptrend. 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 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.

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