Litecoin (LTC) Daily Price Forecast – August 16th

  Litecoin Technical Analysis (LTC) July 20

LTC / USD Medium-Term Trend:

Strength Levels: $ 58, $ 59, $ 60
Support Levels: $ 54, $ 53, $ 52

Yesterday, August 15, the LTC price was in an uptrend. Digital currencies rose from a minimum of $ 51.05 to a maximum of $ 58.73. However, the LTC price was thwarted and the price fell to a low of $ 55.90. Since 12 August, Litecoin's price has fluctuated between the levels of $ 60 and $ 50. If the LTC price were to depreciate further, the support level at $ 50 must be broken.

Today, the price of Litecoin will fluctuate between the levels of $ 60 and $ 50. However, 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 period 14 of the relative resistance index is the level 44 which indicates the price in the lateral trend zone.

LTC / USD short-term trend: bullish

From the 1 hour chart, the LTC price is in a sideways trend. The price of Litecoin is priced at $ 54.88. Meanwhile, the MACD line and the signal line are on a par with the zero line indicating a neutral 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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