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LTC / USD Medium-term Trend: Bullish
- Resistance Levels: $ 66, $ 68, $ 70
- Support Levels: $ 36, $ 34, $ 32
Yesterday, January 7, the price of Litecoin was in a bullish trend. The price crypto was retracted after the resistance at the $ 41 price level. The LTC price has been retraced to the support of the 12-day EMA. The 12-day EMA is acting as a support for the price of Litecoin.
Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA which indicates that the price is Likely to rise again. The $ 41 price level may be revisited. The price is above the 20% range that the price of Litecoin is a bullish momentum and a buy signal. However, the MACD line and the signal line are above the zero line which indicates a buy signal.
LTC / USD Short-term Trend: Bullish
On the 1-hour chart, the price of Litecoin is a bullish trend zone. The crypto price retraced yesterday and the 12-day EMA and the 26-day EMA. Today's the bulls pulled back above the EMAs. The crypto's price is likely to rise as it is above the EMAs. 20% range which indicates the crypto is a bullish momentum and a buy signal.
Do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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