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Medium-term LTC / USD trend: bullish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 35, $ 33, $ 31
Last week the price of Litecoin was in an uptrend. The price of the crypt broke the price of $ 34 to continue the bullish movement. The price is approaching the price level of $ 35 but may be facing a resistance level of $ 0.34. On the upside, if the price breaks the price level of $ 34, the crypt is expected at the price level of $ 55 but a bit of resistance at $ 45.
On the downside, if the bulls fail to break the price level of $ 34, the crypt will find support for $ 28. Meanwhile, the price of the crypt is higher than the 12-day EMA and the EMA. at 26 days indicates that the price is likely to go up. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.
Short-term trend LTC / USD: bullish
On the 1 hour chart, the price of Litecoin was in an uptrend. The price of the crypt has reached the price level of $ 36.99 but the price has been reviewed for a possible upturn of an uptrend. The stochastic indicator is in the overbought region above the 80% range, which indicates that Litecoin has a bullish moment and a buy signal. The MACD line and the signal line are above the zero line which also indicates a purchase signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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