Litecoin price analysis (LTC) – 14 August


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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.

  • The 14 RSI period is level 35 which indicates that the market is oversold by suggesting bulls to take control of the market.
  •   Litecoin, LTCUSD, CryptoCompare chart 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

     Litecoin, LTCUSD, chart CryptoCompare 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.

    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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