Litecoin price analysis (LTC) – 9 August

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Litecoin (LTC) Price analysis – 9 August

litecoin-ltc-price-analysis-august-9 [19659004] The LTC price should fall to the low of $ 57 or $ 52.

  • The RSI 14 period is level 19 which indicates that the market is oversold.
  •   Litecoin, LTCUSD, CryptoCompare chart Litecoin Trading View Chart

    LTCUSD Mid-term trend: Bearish

    Strength levels: $ 63, $ 64, $ 65

    Levels of support: $ 60, $ 59, $ 58

    Yesterday, August 8, the LTC price was in a bearish trend. Bears have taken the price from $ 74 at the minimum of $ 67.26. Today, cryptocurrency is trading at $ 61.17 at the time of writing. It could be a fact that the fall of a cryptocurrency would affect others. So the LTC price will not be an exception. In view of the indicators, the LTC price should fall to the low of $ 57 or $ 52.

    However, the MACD line and the signal line are below the zero line indicating a sell signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway.

    Short-term trend LTCUSD: Bearish

     Chart Litecoin, LTCUSD, CryptoCompare Chart Litecoin of Trading View

    In the 4-hour chart, the LTC price has a downward trend. The price is coming down because it is less than 12 days EMA and 26 days EMA. Period 14 of the relative resistance index is level 19, which indicates that the market is oversold and suggests that bulls could 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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