Litecoin (LTC) Daily Price Forecast – 7 August

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LTC / USD Mid-term trend: Bearish

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

Yesterday, August 6, the price of Litecoin was in a bearish trend that caused the break of the range-restricted area Subsequently, the price is back in the range coverage area. However, the cryptocurrency was making another attempt to test the level of support. Today, the LTC price has retested the support level and is now in a sideways trend at a price of $ 0.43.

Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. In addition, Litecoin's price bars are below 12 days of EMA and the 26-day EMAs indicating that the bearish trend is under way in period 14 is level 40 indicating that the price is in the lateral trend zone.

LTC / USD short-term trend: range

In the 1 hour chart, the price of Litecoin is in a lateral trend. The price bars of Litecoin are neither above nor below the 12-day EMA and 26-day EMA indicating that the price is a sideways trend zone. 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 and do not constitute financial advice. Always do your research

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