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/ latest version 2018/08 / litecoin-ltc-price-analysis-august-14 /
Litecoin price analysis (LTC) – August 14
litecoin-ltc-price-analysis-august-14 [19659004] The LTC price will find support for $ 50 as the downward trend continues.
Litecoin chart of Trading View
LTCUSD Mid-term trend: Bearish
Strength levels: $ 55, $ 56, $ 57
Levels of support: $ 50, $ 49, $ 48
Yesterday, August 13, the LTC price was in a downtrend. The cryptocurrency dropped to a minimum of $ 56 yesterday. Today the LTC price has a downward trend approaching the price of $ 53. However, the LTC price will probably find support for $ 50 as the downtrend continues. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway.
Short-term trend LTCUSD: Bearish
Chart Litecoin of Trading View
In the 4-hour chart, the LTC price is on a bearish trend. The price is making a series of lower highs and lower lows. The price fell to low at $ 51 but made a partial bullish movement.
Meanwhile, the Relative Strength Index 14 period is level 35 indicating that the market is oversold by suggesting that bulls could take control of the market.
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