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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.
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 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.
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