Medium-term LTC / USD trend: bullish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 60, $ 58, $ 56
Yesterday, September 27th, the LTCUSD couple was in an uptrend. The digital currency fell to a low of $ 56.61 and started a bullish movement. The price has now broken the $ 60 level and reached the maximum of $ 63.16. The LTC price starts another move linked to the range above the price of $ 63.
However, the digital currency may face a price resistance of $ 69. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase 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 an uptrend. The period 14 of the relative resistance index is the level 68 which indicates that the price is in the uptrend zone.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the LTC price is in an uptrend. 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.
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