[ad_1]
LTC / USD Mid-term trend: Bearish
Strength levels: $ 60, $ 70, $ 80
Support Levels: $ 50, $ 40, $ 30
Yesterday, September 5, the LTC price was bullish. The cryptocurrency stood at $ 68.58 while trying to reach the $ 70 level. But the bears took control of the market and brought the price to a minimum of $ 55.66. This implies that the LTC price has now returned to the previous limit zone of $ 60 and $ 50 levels.
However, if the bearish pressure continues, the cryptocurrency will revisit the previous minimum of $ 50. In addition, the MACD line and line of the signal are below the zero line indicating a purchase signal. In addition, 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 Relative Strength Index 14 is level 27 which indicates that the market is oversold which advises the bulls to take control of the market.
Short-term LTC / USD: Bearish
In 1 hour chart, the LTC price is in a bearish 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.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
[ad_2]Source link
