Litecoin price analysis (LTC) – 31 August


  Litecoin, LTCUSD, CryptoCompare chart Litecoin Trading View Chart

Litecoin (LTC) Price analysis – August 31

LTCUSD Mid-term trend: Range

Strength levels: $ 60, $ 65, $ 70

Support Levels: $ 50, $ 45, $ 40

Yesterday, the LTCUSD pair was falling and the price of Litecoin dropped to a low of $ 58.65. Today, the price of Litecoin has had a bullish movement at the maximum level of $ 60. In a wide-ranging market, traders should always start a long operation after the price has surpassed the lowest level of a price range.

In addition, to start a short trade after price tests the top level of the price range. The Litecoin price is expected to repeat the upper level of the price range again. 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 indicates that the price is falling

Short-term trend LTCUSD:

 Litecoin, LTCUSD , chart CryptoCompare Litecoin Chart of Trading View

In the 4-hour chart, the LTC price is in a lateral trend. In the lateral trend, the price is close to the $ 60 price level. Meanwhile, the Relative Strength Index 14 period is level 53 indicating that the price is in the lateral trend zone.

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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