LTC / USD Mid-term trend: bullish
Resistance levels: $ 70, $ 80, $ 90
Support levels: $ 60, $ 50, $ 40
Last week the price of Litecoin was in a lateral tendency. There was no significant price movement as the market was silent. On 29 August, the cryptocurrency reached the upper level of the price range and opposed a price of $ 63.46. The price fell to a low of $ 58.65 and started another uptrend at most $ 67.81. Today, the LTC price is outside the $ 60 and $ 50 limit zone.
Currently, the LTC price has returned from its recent high to a movement with a range of action. 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 56 which indicates that the price is in the lateral trend zone.
Short-term LTC / USD: range
In the 1 hour chart, the LTC price is in a sideways trend. The price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal.
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