Litecoin (LTC) Daily Price Forecast – January 17

LTC / USD medium-term trend: bearish

• Strength levels: $ 66, $ 68, $ 70
• Support levels: $ 30, $ 28, $ 26

Yesterday, 16 January, the price of Litecoin was in a bearish trend zone. The price of the crypt is fluctuating above the price level of $ 30 in the last 24 hours. The appearance of small body candlesticks such as the Doji and the spins describe the indecision of buyers and sellers at the price level of $ 30.

Because cryptography varies, there is a likelihood of price rupture in the near future. Meanwhile, the LTC price is still lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to fall. If the bears break the $ 30 level, the crypt will find support at the $ 28 level. The MACD line and the signal line are below the zero line indicating a sell signal.

Short-term LTC / USD trend: bearish

On the 1 hour chart, the price of Litecoin was in a bearish trend zone. Yesterday, the 12-day EMA and the 26-day EMA are in a horizontal trend. The price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to fall. The price of the crypt dropped to a minimum of $ 31 and started a movement with a range of action.

Meanwhile, the Stochastic is out of the overbought region but below the 50% range indicating that the crypt is in a bullish phase and a buy signal.

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