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LTC / USD long-term trend: bullish
- Strength levels: $ 60, $ 70, $ 80
- Support levels: $ 30, $ 20, $ 10
The LTC / USD pair is now on an uptrend as the price rises to $ 34.10 price level. In the last two weeks, the pair had been bearish as the price fell to its low at $ 23.14. In the daily chart, the 12-day EMA and the 26-day EMA are making a U-turn in the direction of the uptrend. In the weekly chart, the stochastic indicator is coming out of the oversold region below the 20% range. In the oversold region, the price of Litecoin was in a bearish momentum.
Today, the bull market is in sight while the cryptocurrency market is increasing. However, if the stochastic bands exceed the 20% range, the price of Litecoin will rise. Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicating that the price is still in the bearish zone. Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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