Litecoin Price Analysis (LTC) – 20 August

Litecoin Chart by Trading View [19659008] LTCUSD Medium-Term Trend:

Strength Levels: $ 59, $ 60, $ 61

Support Levels: $ 54, $ 53, $ 52

Litecoin's price was linked to the range. The LTC price is still fluctuating between the levels of $ 60 and $ 50. Today, the cryptocurrency will likely continue with its fluctuations. Meanwhile, traders can trade key market levels like the market ranges. The price is currently traceable to the resistance level but moves according to a horizontal scheme.

Litecoin's price is not evenly divided between the resistance level and the support level. From the chart, 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 price was previously declining.

Short-term trend LTCUSD: interval

Litecoin chart for Trading View
 

In the 4-hour chart, the LTC price is tied to the range. The price of Litecoin is traded horizontally at the price of $ 56. Period 14 of the relative strength index is level 44 which indicates that the price is in the trend zone linked to the interval.

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