Litecoin Price Analysis (LTC) – 29 August


  Litecoin Chart, LTCUSD, CryptoCompare Litecoin Chart for Trading View

LTCUSD Medium-Term Trend:

Strength Levels: $ 70, $ 80, $ 90

Levels of Support: $ 60 , $ 50, $ 40 [19659005] The LTCUSD pair was in an uptrend. Today, the LTC price is in an uptrend and the bulls have made another attempt to break the resistance at $ 62.

Bulls are already wandering around the price level. If the LTC price breaks that level, the cryptocurrency will reach a maximum of $ 75. However, if the bulls fail to break the price level of $ 62, the LTC price will fall back into the range range. However, 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 under way.

Short-term trend LTCUSD: Bullish

 Litecoin, LTCUSD, CryptoCompare chart Litecoin Chart of Trading View

In the 4-hour chart, the LTC price is in an uptrend. The price of Litecoin is making the second attempt to break the $ 62 level after the first attempt was unsuccessful. Meanwhile, the relative relative strength index period 14 is level 41 which indicates that the price is in the range coverage area.

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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