Litecoin (LTC) Daily Price Forecast – 6 August

  Litecoin Technical Analysis (LTC) 20 July

LTC / USD Medium-term trend: Bearish

Resistance levels: $ 75, $ 76, $ 77
Levels of support: $ 70, $ 69, $ 68

Last week, the price of Litecoin was in a lateral tendency oscillating between the $ 91 and $ 74 levels. On August 4, the LTC price broke the support level at $ 74. The LTC price does not fall within the limit zone. Today the LTC price fell to a low of $ 72.88 and started a bullish movement. The cryptocurrency now points to the previous maximum of $ 91.

Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. In addition, Litecoin price bars are below 12 days 'EMA and 26 days' EMA indicating a downward trend is under way. The relative strength index period 14 is level 47 which indicates that the price is in the lateral trend zone.

LTC / USD short-term trend: bullish

In the 1 hour chart, the price of Litecoin is in an uptrend. Litecoin price bars are higher than 12 days EMA and 26-day EMA indicates that the upward trend is underway. 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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