Litecoin price analysis (LTC) – 27 August


  Litecoin Chart, LTCUSD, CryptoCompare Litecoin Chart for Trading View

LTCUSD Mid-Term Trend:

Strength Levels: $ 60, $ 70, $ 80

Support Levels: $ 50 , $ 40, $ 30 [19659005] The LTCUSD pair has an interval limit. Last week the price of Litecoin dropped to a low of $ 53.54. So at that low level, the price was floating in a horizontal pattern for the whole week. Today, cryptocurrency is still floating in that model. It is likely that its price will continue to move between the levels of $ 60 and $ 50.

Horizontal movement is a period of consolidation and, if broken, the pressure will be very strong. A downward trend will see the price of LTC from a minimum of $ 49.31. On the other hand, a bullish breakout will see its price reach a maximum of $ 75.32. However, the MACD and signal lines are below the zero line indicating a sales signal.

Litecoin's price is lower than the 12-day EMA and the 26-day EMA indicates that the price is falling

LTCUSD Short -Test Trend:

 Litecoin , LTCUSD, CryptoCompare chart Litecoin Chart of Trading View

In the 4-hour chart, LTC has an interval limit. Its price, the 12-day EMA and the 26-day EMA are in a horizontal trend indicating that the cryptocurrency has an interval limit. Meanwhile, the Relative Strength Index 14 period is level 55 indicating that its price is in an interval-related trend.

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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