Litecoin Chart for Trading View
Litecoin price Medium-term trend: Bearish
Strength levels: $ 78, $ 80, $ 82
Levels of support: $ 74, $ 72, $ 70
Yesterday, August 2, the price of Litecoin was falling. The cryptocurrency price was not able to exceed the $ 74 support level. This was because the level of support was a critical aspect that has never been broken since the start of the year. If LTC breaks the aforementioned level, its price will be supported at $ 57.
If the support is not interrupted, LTC will move in a movement with an action radius. Meanwhile, the MACD and signal lines 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 a downward trend is under way
Litecoin Price Trend in the short term: Bearish
Litecoin Chart of Trading View
In the 4-hour chart, LTC has a downward trend. Its price shows a bear candlestick approaching to break the $ 74 support level. Meanwhile, the Relative Strength Index 14 is level 37 which indicates that the market is oversold, suggesting that the bulls can take over.
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