LTC / USD medium-term trend: bearish
Strength levels: $ 62, $ 64, $ 66
Support levels: $ 40, $ 38, $ 36
Yesterday, September 24th, the LTC price was in a bearish trend. The price of the digital currency tested the price level of $ 60 which is the upper level of the price range and which was rejected. The LTC price had been between these levels for a while. Since the digital currency is tied to a range, it is likely to fall to the price level of $ 50, which is the lowest level of the price level. In terms of support, if it rebounds and makes a bullish movement, traders should look for purchase configurations.
This is to allow them to start long exchanges while the price moves back to the upper level. From the chart, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The period 14 of the relative resistance index is level 40 which indicates that the price is in the trend zone of the lateral trend zone.
Short-term LTC / USD trend: bearish
From the 1 hour chart, the LTC price is in a downward trend. The price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal.
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