LTC / USD Medium-Term Trend: Range
Strength Levels: $ 60, $ 65, $ 70
Support Levels: $ 50, 45, $ 40
Yesterday, September 13, the price of Litecoin was in an uptrend Yesterday, it was suggested that if the $ 50 level were to remain, we should start a long exchange. and the price should reach a maximum of $ 60. The cryptocurrency is bound to the range if the price reaches the upper level and rebounds, the long operations should be closed.
On the other hand, operations should be left open if the price breaks the top level, 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 this price is in the uptrend zone, while the period 14 of the relative resistance index is the level 55 that indicates that the price is in the lateral trend zone.
LTC / USD Short-term: range
In the 1-hour chart, the LTC price is in an uptrend. 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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