LTC / USD medium-term trend: variable
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, January 21, the price of Litecoin was in a bearish trend zone. On January 13, Litecoin's price was between $ 30 and $ 34. On January 13, the price of the crypt dropped to a minimum of $ 30.16 to form the support level. Similarly, on January 19, the bulls break the 12-day EMA, the 26-day EMA and the price has reached the maximum of $ 34 which is the resistance level.
The price of the encryption is traded at the price level of $ 31. On the downside, if the bears break the $ 30 level, the crypt will find support at the $ 28 level. On the upside, if the bulls break above the & rsquo; 12-day EMA and 26-day EMA, the price of the crypt will reach the maximum level of $ 34. In addition, the stochastic is in the oversold region but below the 40% range indicating that the crypt is in a bullish moment and a purchase signal.
Short-term LTC / USD trend: variable
On the 1 hour chart, the price of Litecoin was in a bearish trend zone. On January 20, the price of the crypt dropped to a minimum of $ 30.79. In the last week, Litecoin's price had been trading above the price level of $ 30.
The price of the crypto is lower than the 12-day EMA and the 26-day EMA, which indicates that the price of the LTC will decrease. Traders should look for purchase configurations if this level is valid. Today, the crypt is falling after being rejected by the EMA.
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