Litecoin (LTC) Long-term price forecast

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LTC / USD Long-term trend: Ranging

Zone: $ 65, $ 75, $ 85
Demand area : $ 60, $ 55, $ 45

The LTC / USD pair had a bearish trend in August, while the cryptocurrency has an initial balance of $ 77.53. trend, the price fell to a minimum of $ 51.93 which is about 33% decrease in prices. The bulls have price control and the LTC price is currently trading at $ 61.14 at the time of writing.

Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. Also, the price of Litecoin is lower than the 12 day EMA. EMA at 26 days indicating that the price of Litecoin is decreasing. However, the Relative Strength Index 14 period is level 36 which indicates that the oversold market suggests bulls to take control of the market.

The opinions and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your research.

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