Litecoin (LTC) Daily Price Forecast – 3 January

Medium-term LTC / USD trend: bullish

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

Yesterday, 2 January, the price of Litecoin was in an uptrend zone. The price of the crypt broke levels of $ 32 and $ 33 to reach the maximum of $ 34. Yesterday, the price of Litecoin reached the maximum of $ 34.79 but was rejected. The LTC price is returning from the recent high after the resistance. The price is coming back, probably to resume the uptrend.

On the other hand, if it reoccurs and breaks under the 12-day EMA and the 26-day EMA, encryption will start another downward trend. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The Stochastic is outside the overbought region but below the 80% range indicates that the LTC is in a bearish momentum and a sell signal.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the price of Litecoin is in an uptrend. The price of Litecoin is also making a series of higher highs and higher lows. The LTC price has reached its maximum and has resisted the price of $ 35. The price of the encryption has been traced to the 12-day EMA and the 26-day EMA has now become a support for the LTC price .

A bullish candlestick rose and ended on EMA. In addition, the bearer candle holder does not work and could break the 12 day EMA and the 26 day EMA. Meanwhile, the Stochastic is out of the overbought region but above 20%, which indicates that the crypt has a bullish moment.

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