Litecoin price analysis (LTC) – 3 September

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LTCUSD Medium-term trend: bullish

Strength levels: $ 70, $ 80, $ 90

Levels of support: $ 60, $ 50, $ 40 [19659005] Last week, the price of Litecoin was in an uptrend. On 27 August, the cryptocurrency made a bullish movement at the upper level of the price range, but it was twice as opposed to a price of $ 62. Subsequently, the price fell to a low of $ 59 and made another bullish move. at the top level of the price range priced at $ 67.80. Today, Litecoin's price has returned to a minimum of $ 64.46, which is a level of support.

The price should increase because it is outside the range of action. In addition, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the upward trend is underway. However, the MACD line and the signal line are below the zero line indicating a sales signal.

Short-term trend LTCUSD: interval

 Chart Litecoin, LTCUSD, CryptoCompare Chart Litecoin of Trading View

In the 4-hour chart, the LTC price is associated with a range. The price is higher than the 12-day EMA and 26-day EMA indicating that the price of Litecoin is increasing. Meanwhile, the relative relative strength index period 14 is level 55 which indicates that the price is in the limit zone.

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