Litecoin (LTC) Daily Price Forecast – September 5

  Litecoin-LTC-Technical Analysis

LTC / USD Medium-Term Trend: Bullish

Strength Levels: $ 70, $ 80, $ 90
Support Levels: $ 60, $ 50, $ 40

Yesterday, 4 September, the price of Litecoin was rising. Yesterday, the LTC price was approaching the $ 75 level and it was the opinion that the price would have to face the initial resistance at the price of $ 68. Yesterday, the cryptocurrency has resisted a price of $ 68.58.

Today, the price of Litecoin is in a bullish movement that attempts to break the $ 70 level. In addition, the MACD line and the signal line are above the zero line indicating a purchase signal. Litecoin's price is higher than the 12-day EMA and the 26-day EMA indicates that an uptrend is underway. The period 14 of the relative resistance index is the level 67 which indicates that price is in the uptrend zone.

Short-term LTC / USD: Bearish

In the 1 hour chart, the LTC price has a downward trend. 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 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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