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LTC / USD Medium-term trend: variable
Strength levels: $ 60, $ 62, $ 64
Support levels: $ 56, 54, $ 52
Yesterday, September 26th, the LTCUSD couple was in an uptrend. On September 5, the price of Litecoin had been staggered between the levels of $ 50 and $ 60. In the bullish trend, the LTC price tested the upper level of the price range and was rejected. On September 26, the price reached the maximum of $ 59.01 and was opposed. He is making another attempt to reach the upper level of the price range.
If the digital currency breaks the price level of $ 60, the LTC price will be out of the coverage area. However, if it rebuts, traders should start operations shortly and exit near the support zone. 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 indicates that the price is likely to increase. The Relative Strength Index 14 is level 53 indicating that the price is in the lateral trend zone.
Short-term trend LTC / USD: variable
In the 1 hour chart, the LTC price is in an uptrend. The price of Litecoin is falling after resistance to $ 59.79. The price is higher than 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 purchase signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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