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Litecoin price analysis (LTC) – 19 September

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Litecoin price review (LTC) – 19 September

litecoin-ltc-price-analysis-september-19 [19659004] Litecoin managed to hit $ 55.48 before facing resistance and seeing its price drop

  • Traders should expect LTC to reach the lower end of the price range before starting a long trade.
  •   Litecoin, LTCUSD, CryptoCompare chart Litecoin chart for trading view

    LTCUSD Mid-term trend: range

    Strength levels: $ 60, $ 65, $ 70

    Levels of support: $ 50, $ 45, $ 40

    The price of Litecoin was uptrend yesterday, which helped it reach a maximum of $ 55.48. The cryptocurrency then tackled the resistance, which eventually led to the trend. At that point, traders could enter a short position on the cryptocurrency, and then exit the support zone.

    Today, the price of cryptocurrency is in a downward trend after entering a range range movement. Traders should expect the price to reach the lowest level in the price range before entering a long operation. The price of LTC is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The MACD and signal lines are below the zero line pointing to a sales signal.

    LTCUSD Short-term trend:

     Litecoin, LTCUSD, chart CryptoCompare Litecoin chart for trading

    In the 4-hour chart, LTC has a downward trend. The cryptocurrency is collapsing after reaching the upper level of its price range. Remember that the levels with range limit are between $ 50 and $ 60. It is not mandatory for the price to reach the end of the levels before it is reversed. Meanwhile, the Relative Strength Index period 14 is level 43 indicating that the price is in a lateral trend zone.

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

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