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Litecoin price analysis (LTC) – 12 September

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Litecoin (LTC) Price analysis – September 12

litecoin-ltc-price-analysis-september-12 [19659004] The price of Litecoin will find support at the price level of $ 45 if the price breaks the $ 50 level.

  • Traders will look for the purchase settings and allow the bearish pressure to end before starting any operation.
  •   Litecoin, LTCUSD, Chart CryptoCompare Chart Litecoin for Trading View

    LTCUSD Mid-term trend: Bearish

    Strength levels: $ 50, $ 52, $ 54

    Levels of support: $ 46, $ 44, $ 42

    Yesterday, the price of Litecoin had a downward trend. Litecoin dropped out of the $ 50 to $ 60 limit zone, the next level of support currently tested is $ 46. However, the 12-day EMA and the 26-day EMA indicate that the trend towards continuous decline. The MACD line and the signal line are also 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 price of Litecoin is lower than the 12-day EMA and 26-day EMA, indicating that the price is decreasing. Meanwhile, the Relative Strength Index 14 period is level 28 which indicates that the market is oversold, which suggests bulls take control of the market.

    The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.

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