Mid-term LTC / USD trend:
Resistance levels: $ 62, $ 63, $ 64
Support levels: $ 58, $ 57, $ 56
Last week the price of Litecoin was in a bearish trend. In the downward trend, the price dropped from $ 74.29 to $ 55.10 low and made a partial uptrend. Today, the LTC price is in a sideways trend at a price of $ 59.23 as at the time of writing. The price should increase after the lateral trend.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales 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 index 14 of the relative resistance is the level 45 which indicates that the price is in the lateral trend zone.
Short-term LTC / USD: bullish
In the 1 hour chart, the LTC price is in an uptrend. 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 MACD line and the signal line are on a par with the zero line indicating a neutral signal.
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