Litecoin price analysis (LTC) – 17 August


  Chart Litecoin, LTCUSD, CryptoCompare Chart Litecoin for Trading View

LTCUSD Medium-term trend: bullish

Strength levels: $ 58, $ 59, $ 60

Levels of support: $ 55, $ 54, $ 53 [19659005] Yesterday Litecoin was in a movement with a radius of action. Its price was essentially horizontal, since the limit between the levels of $ 60 and $ 50 had been reached after the market had been oversold. LTC is approaching the resistance level at $ 60. If the level is interrupted, LTC will increase and it will be outside the limit area.

If he meets resistance at that level, he will continue with his fluctuations. From the chart, the MACD and the signal lines are below the zero line indicating a sales signal. Litecoin is less than 12 days EMA and 26 days EMA indicates that the price was decreasing

Short-term trend LTCUSD: Interval

 LTCUSD 4 hours (17 August) TVV .png Litecoin Chart for trading view

In the 4-hour chart, LTC has an interval limit. The cryptocurrency is approaching a resistance level of $ 60. If it fails to break it, a short trade should be started with a stop loss above the resistance level.

Traders can exit this position when the price falls close to the support zone. Meanwhile, period 14 of the relative resistance index is level 56 which indicates that the price is in the trend zone associated with the interval.

The opinions and opinions expressed herein do not reflect those of and do not constitute financial advice. Always do your research.

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