Mid-Term Trend LTC / USD:
Strength Levels: $ 58, $ 59, $ 60
Levels support: $ 54, $ 53, $ 52
Yesterday, August 14, the LTC price was in a sideways trend. In the bearish trend, the price fell to a low of $ 51.05 and started a movement with a range of action. It was hypothesized that the cryptocurrency could be reduced to the minimum prior to $ 40.10. Today, from its low price, Litecoin made a bullish upward move to $ 56.08. If the bulls exceed the resistance levels of $ 60 and $ 80, the cryptocurrency will reach the maximum of $ 100.
However, the price of Litecoin could decrease if you resist the $ 60 level. From the chart, the MACD line is the signal line is 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 period 14 of the relative resistance index is the level 46 which indicates that the price is in the lateral trend zone.
LTC / USD Short-Term Trend: Range
From the 1 hour chart, the LTC price is in a sideways trend. At the price of $ 50.44, the cryptocurrency price had been aligned. However, the LTC price is lower than the 12-day EMA and 26-day EMA, indicating that the price is decreasing. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
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