LTC / USD Medium-term trend: bullish
Resistance levels: $ 70, $ 75, $ 80
Support levels: $ 60, $ 55, $ 50
Yesterday, August 27, the LTC price was in a sideways trend. Yesterday, the LTC price did not have significant price movements as the market was silent. Today, the cryptocurrency has entered a bull market and the price is approaching the upper level of the range range area. If the price breaks the top level of the range coverage area, the LTC price will reach a maximum of $ 74.91.
On the other hand, if the price fails to exceed the upper level, the cryptocurrency will fall into the $ 60 and $ 50 limit zone. Traders should get out of their long negotiations and start short-term transactions. On the chart, the MACD line and the signal line are above the zero line indicating a purchase 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. Period 14 of the relative resistance index is level 69 which indicates that the price is in the uptrend zone.
LTC / USD short-term trend: bullish
From the 1 hour chart, the LTC price is in an uptrend. The price of Litecoin is higher than the 12-day EMA and 26-day EMA which indicates that the price is in an uptrend. The MACD line and the signal line are above the zero line indicating a purchase signal.
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