LTC / USD medium-term trend: bearish
Strength levels: $ 60, $ 65, $ 70
Support levels: $ 50, 60, $ 50
Yesterday, September 25th, the LTCUSD pair was in bearish trend. The bearish trend was the result of the resistance of 23 September. The price has tested the upper level of the price range, which is $ 60. The digital currency reaches the maximum of $ 63.73 and has opposed. The price reached the minimum of $ 54.17 and recovered. Today, the LTC price has moved from the lowest level of the price range.
Traders can start long trades at the lower end of the price range and exit the long term at the upper level. While your stop loss can be placed below the price level of $ 50. Meanwhile, 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 Relative Strength Index period 14 is level 45 which indicates that the price is in the lateral trend zone.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the LTC price is in an uptrend. The price of Litecoin is making a bullish movement at the top level of the price range after reaching the minimum of $ 54. The price is higher than the 12-day EMA and the 26-day EMA indicating that it is an uptrend. The MACD line and the signal line are above the zero line indicating a purchase signal.
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