Mid-Term Trend LTC / USD:
Strength Levels: $ 60, $ 61, $ 62
Levels of support: $ 57, $ 56, $ 55
Yesterday, August 23, the price of Litecoin was in a lateral trend. The LTC price has no price movement as the market was quiet. Yesterday, the market closed at the price of $ 55.71. Today, the price is still in a lateral trend. The cryptocurrency is currently trading at the price of $ 56.56 at the time of writing.
The LTC price, for now, 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 higher than the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. The index 14 of the relative resistance is the level 52 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. The price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the price is increasing. the MACD line and the signal line are above the zero line indicating a purchase signal.
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