Litecoin (LTC) Daily Price Forecast – January 7th

Medium-term LTC / USD trend: bullish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 35, $ ​​33, $ 31

Last week the price of Litecoin was fluctuating above the price level of $ 30. The price of the crypt was oscillating above the 12-day EMA and the 26-day EMA. On January 4, the price of the crypt broke the 12-day EMA and the 26-day EMA and reached a maximum of $ 41.40.

Litecoin has faced resistance at the price of $ 41 and is coming back and approaching the 12-day EMA and the 26-day EMA. Meanwhile, the price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The Stochastic is in the overbought region but below the 80% range indicates that Litecoin has a moment of decline and a sell signal.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the price of Litecoin is in an uptrend zone. The price of the crypt retraced and broke the 12-day EMA, but the bulls withdrew. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal.

The price of the crypt is likely to increase as it is above the EMA. Furthermore, the stochastic is outside the oversold region but above 20%, which indicates that the crypt is in a bullish moment and a buy signal.

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