Litecoin (LTC) Long-term price forecasts – 5 January

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LTC / USD long-term trend: bearish

  • Strength levels: $ 60, $ 70, $ 80
  • Support levels: $ 30, $ 20, $ 10

The LTC / USD has registered a sideways trend in the last ten days. The price of the crypt was fluctuating above the $ 30 level. Price action was characterized by small hand-to-hand candles that described the indecision of buyers and sellers above the price level of $ 30. The 12-day EMA and the 26-day EMA were horizontally flat in the daily schedule indicating the lateral trend.

From the weekly chart, Litecoin's price was in a bearish trend zone. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.
Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal. The stochastic indicator is outside the oversold region but above the 20% range indicates that the price of Litecoin is in a bullish momentum and a buy signal.

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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