Medium-term LTC / USD trend: bullish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, 22 January, the price of Litecoin was in an uptrend zone. The bulls defended the price level of $ 30 as the bears could not break it. From the bearish trend zone, the bulls have interrupted the 12-day EMA and the 26-day EMA to reach the uptrend zone. Today the bulls have reached the level of $ 32 and are expected to reach the level of $ 34.
If the bulls interrupt the price level of $ 34, the LTC price will be outside the price range of $ 31 and $ 34 price levels. In addition, the stochastic is in the overbought region but above the 80% range indicating that the crypt has a strong upward momentum and a buy signal.
Short-term trend LTC / USD: bullish
On the 1 hour chart, the price of Litecoin was in an uptrend zone. The 12-day EMA and the 26-day EMA tend towards the top to indicate that the price is likely. Traders must begin long negotiations as the price level of $ 30 as the price of the crypt is maintained at the support level. Meanwhile, the Stochastic is out of the overbought region but below the 60% range, which indicates that the crypt is in a bearish momentum and a sell signal.
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