Litecoin price analysis (LTC) – 10 September


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Litecoin (LTC) Price analysis – September 10

litecoin-ltc-price-analysis-september-10 -1

  Litecoin, LTCUSD, chart CryptoCompare Chart Litecoin for Trading View

LTCUSD Medium-term trend: Bearish

Strength levels: $ 60, $ 65, $ 70

Levels of support : $ 50, $ 45, $ 40

Last week the LTCUSD pair had a bearish trend. On 5 September, the LTCUSD pair peaked at $ 68.06 and failed to exceed the $ 70 level. This resistance dropped to a low of $ 51.78. The bearish trend has lowered the price in the previous limit zone by $ 60 and $ 50.

There are indications that the price can revisit the next level of support of $ 50. Litecoin's price is lower than the EMA. of 12 days and the 26-day EMA, which indicates that the downward trend continues. The MACD line and the signal line are below the zero line indicating a sales signal.

LTCUSD Short-term trend: Bearish

 Litecoin, LTCUSD, CryptoCompare chart Litecoin Chart of Trading View

In the 4-hour chart, the LTC price has a downward trend. The cryptocurrency is falling after its sudden bearish move since the price bars are still below the exponential moving averages. Meanwhile, the relative relative strength index period 14 is level 40 indicating that the price is in the trend zone associated with the interval.

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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