Litecoin (LTC) Long-term price forecasts

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LTC / USD Long-term trend: Bearish

Resistance Levels: $ 60, $ 70, $ 80
Levels of support: $ 50, $ 40, $ 30

The LTC price is currently in a movement with a range of action, however, in the first eleven days, the cryptocurrency has experienced a downward trend. Litecoin has an initial balance of $ 62.07 but has reached a maximum of $ 67.81. The cryptocurrency faced the resistance at the price of $ 60. Therefore, the cryptocurrency was countered and closed at 550.72. Thus, the cryptocurrency continues to fluctuate between the levels of $ 60 and $ 50.

Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. , the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend i 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 and do not constitute financial advice. Always do your research.

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