LTC / USD Long-term Trend: Bearish
Resistance Levels: $ 60, $ 70, $ 80
Support levels: $ 50, $ 40, $ 30
The LTC price was bearish all through the month of September 2018. On September 1, the LTC price has an opening balance of $ 62.07. On September 11, the digital currency fell to its low at $ 50.72. Since the digital currency had been bound between the levels of $ 50 and $ 60. Those are expected to fluctuate between those levels. Traders can initiate short orders if the $ 60 upper level of price range holds.
Meanwhile, the MACD line and the signal line are the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 39 which indicates that the market is oversold.
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