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Litecoin chart according to Trading View
LTCUSD Medium-term trend: variable
Strength levels: $ 60, $ 62, $ 64
Support levels: $ 55, $ 53, $ 51
The LTCUSD pair had been between the levels of $ 50 and $ 60 since September 5, 2018. Yesterday was bearish because on September 23 the top level of the price range was opposed. Today, the price of Litecoin is bullish, but it is going at a price of $ 57. Traders should know that in a market that goes you can trade the upper and lower levels of the price range.
If the current bullish trend tests the upper level of the price range and resumes, you can start a short-term negotiation and a stop-loss order above the price level of $ 60. You can exit from your short trade in the support zone. At the lower level of the price range, you can start a long negotiation and a stop loss order below the price level of $ 50. You can exit your long trade near the resistance zone.
However, the LTC price is higher than the 12-day EMA and 26-day EMA, which indicates that an upward trend continues. The MACD line and the signal line are below the zero line indicating a sales signal.
LTCUSD Short-term trend: bullish
Litecoin chart according to Trading View
In the 4-hour chart, the LTC price is in an uptrend. The price is approaching the upper level of the price range. The price of Litecoin is neither higher nor lower than the 12-day EMA and 26-day EMA, which indicates that the price is in the lateral trend zone.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
