LTC / USD medium-term trend:
Resistance levels: $ 70, $ 75, $ 80
Support levels: $ 60, $ 55, $ 50
Yesterday, August 30, the LTC price was falling. The LTC price has been countered twice while trying to overcome the upper level of a price range. The resulting effect was that the price fell back in the range range area. The LTC price fell to record low at $ 58.65. Today the cryptocurrency is making a bullish movement of up to $ 60. However, the price of LTC will repeat the upper level of the price range.
From 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 lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The Relative Strength Index period 14 is level 49 which indicates that the price is in the uptrend zone.
LTC / USD Short-Term Trend:
From 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 the price is in a downward trend. The MACD line and the signal line are above the zero line indicating a purchase signal.
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