LTC / USD Medium-Term Trend:
Strength Levels: $ 70, $ 80, $ 90
Levels of Support: $ 60, $ 50, $ 40
Yesterday, August 29, the price of Litecoin was in an uptrend. The cryptocurrency was predicted to reach a maximum of $ 74.91 on the assumption that the top level of a price range of $ 62 had been discontinued. The LTC price has tried several times and has resisted price levels of $ 63.65, $ 63.46 and $ 63.30. The LTC price fell to the low of $ 61.10 and $ 60.26 for each resistance. Today, the Litecoin price is in a lateral trend.
The cryptocurrency has fallen into the limit zone to continue its movement linked to the interval. Meanwhile, 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. The period 14 of the relative resistance index is level 56 which indicates that the price is in the lateral trend zone.
Short-term LTC / USD:
In the 1 hour chart, the LTC price is in a sideways trend. 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 MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.