LTC / USD Medium-term trend: bullish
Resistance levels: $ 60, $ 65, $ 70
Levels of support: $ 50, 45, $ 40
Yesterday, 12 September, the Litecoin's price was rising trend. The price of Litecoin dropped to a low of $ 47.14 and started a bullish movement. The cryptocurrency has now returned to the previous limit zone of $ 60 and $ 50. The price of Ethereum is likely to fluctuate above the price level of $ 50 and within the range range area.
Therefore, if the price level of $ 50 holds traders, they should start long trades by anticipating an uptrend. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The Relative Strength Index period 14 is level 52 which indicates that the price is in the lateral trend zone.
Short-term LTC / USD: bullish
In the 1 hour chart, the LTC price is in an uptrend. The MACD lines are all bullish signals. The price of cryptocurrency exceeds the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. The MACD line and the signal line are above the zero line indicating a signal above.
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