Chart Litecoin for Trading View
LTCUSD Medium-term trend: Bearish
Strength levels: $ 60, $ 65, $ 70
Levels of support: $ 50, $ 45, $ 40  Yesterday, the price of Litecoin was in a bearish trend. Today it is range with a bearish trend, $ 50 is the lowest level in the range and the support level higher than Litecoin's price. If the price reaches the lowest level in the price range and the level is waiting, a long trade should be started.
So stop-loss orders should be placed below the price level of $ 50 to drive against sudden price rupture. When the price reaches the resistance zone, you can exit your long trade around the upper band at $ 60. The same strategy should be adopted when a short trade is made at the upper level of the price range.
Meanwhile, the LTC price is lower than the 12-day EMA and the 26-day EMA which indicates that a bearish trend continues. The MACD line and the signal line are below the zero line indicating a sales signal.
Short-term trend LTCUSD: Bearish
Litecoin Chart by Trading View
In the 4-hour chart, the LTC price has a downward trend. The cryptocurrency is now approaching the price at $ 53. Meanwhile, the period relative to Relative Strength 14 is level 40 which indicates that the market is oversold which suggests the bulls to take control of the market.
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