Litecoin price analysis (LTC) – 7 September

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Litecoin (LTC) Price analysis – 7 September

litecoin-ltc-price-analysis-september-7 [19659004] Support levels would be violated if the bearish trend continued.

  • If the downward trend continues, the price will revise the previous minimum of $ 50 which is our critical support level
  •   Litecoin, LTCUSD, CryptoCompare chart Litecoin Chart by Trading View

    LTCUSD Trend a medium term: Bearish

    Resistance levels: $ 60, $ 65, $ 70

    Support levels: $ 50, $ 45, $ 40

    The LTCUSD pair was in bearish trend. The bearish breakout lowered the price in the previous limit zone. The price fell to a low of $ 53.91 and made a bullish movement of up to $ 58,42. Currently, the price is falling and approaching the price at $ 55. If the downward trend continues, the price will revert to the previous $ 50 minimum, which is our critical support level.

    The price of Litecoin will resume its movement related to the range if it does not reach the critical support level. The LTC price is lower than the 12-day EMA and 26-day EMA, indicating that the downward trend continues. The MACD line and the signal line are below the zero line indicating a sales signal.

    LTCUSD Short-term trend: Bearish

     Litecoin, LTCUSD, CryptoCompare chart Litecoin Chart of Trading View

    In the 4-hour chart, the LTC price has a downward trend. The LTC price has fallen to a minimum and has made a bullish movement at its most recent high; later he resumed his downward trend. If the downtrend continued, support levels would be violated. Meanwhile, the Relative Strength Index 14 period is level 34 which indicates that the market is oversold which suggests bulls take control of the market.

    The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.

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