Litecoin (LTC) Daily Price Forecast – January 4th

Medium-term LTC / USD trend: bullish

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

Yesterday, 3 January, the price of Litecoin was in a bearish trend. Downside candelabras fell below 12 days EMA and 26 days EMA at $ 32.18 minimum. The price of Litecoin is now in the bearish trend zone, as the crypt is likely to fall. The 26-day EMA now resists any price movement over EMAs.

The price of Litecoin is trading at $ 32.60 as at the time of writing. Because the price of the crypto is bearish and falls below the price level of $ 32, the crypt will find support at the price level of $ 31 or $ 30. On the other hand, the price of the crypto will have to exceed EMA to stay above the price level of $ 32. The Stochastic is outside the overbought region but above the 20% range, indicating that the LTC has a bullish moment and a purchase.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the price of Litecoin is in a bearish trend zone. Down candelabras broke the 12-day EMA and 26-day EMA at $ 32.17. The price of the crypt began a bullish movement towards the EMA. The LTC price has now fallen above the 12-day EMA and the price is in the uptrend zone.

Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. Moreover, the stochastic is outside the oversold region but higher than 80%, which indicates that the crypt is in a bullish phase.

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