LTC / USD Long-term trend: Rangeing
Resistance Levels: $ 60, $ 70, $ 80
Levels of Support: $ 50, $ 40, $ 30
The price of Litecoin had been reached by the beginning of the month. The cryptocurrency had been included in the range between $ 60 and $ 50. L & # 39; September 11, the LTC price fell to a low of $ 50.72 in the lower end of the price range, while on September 9, the price reached a maximum of $ 56.12 in the upper level of the price range. the upper level by starting a short trade and exiting the nearest support area.
At the lowest level, we start a long operation and go out near the resistance zone. The price respects the upper and lower levels of price in a market that goes.
Meanwhile, the MACD line a and the signal line is below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and 26-day EMA, which indicates that the downward trend is underway. Meanwhile, the Relative Strength Index 14 period is level 37 which indicates that the market is oversold which suggests bulls take control of the market.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.