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Price analysis of Litecoin (LTC) – 22 January

/ Ultima / 2019/01 / litecoin-LTC-price-analysis-January-22 /

Price analysis of Litecoin (LTC) – 22 January

litecoin LTC-money-analysis-January-22

  • The bulls held the price above the price level of $ 30.
  • If the bulls break the EMA, the crypt will test the resistance level.

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

LTCUSD Medium-term trend: variable

  • Strength levels: $ 60, $ 65, $ 70
  • Support levels: $ 30, $ 25, $ 20

The LTCUSD couple is in a movement with an action radius since January 13th. On 10 and 11 January the bears broke the 12-day EMA, the 26-day EMA and the price fell to a minimum of $ 32. The price of the crypto depreciated further to the minimum of $ 31 and started a movement related to the interval. Today, a bullish candelabra is testing the EMA, which if resisted would cause a movement related to the interval.

Meanwhile, the stochastic is in the oversold region but below the 20% range indicating that the crypt has a strong downward impulse and a sell signal.

LTCUSD Short-term trend: bullish

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

On the 4-hour chart, the price of Litecoin is in a lateral trend. The cryptocurrency is included in the range between $ 30 and $ 34. On January 19, the price of the crypt reached the level of $ 0.34 and the bulls were opposed to a price of $ 0.34. On 20 January, the bears brought the price to its minimum at $ 31. The price of the crypt has reached $ 31 in the last 48 hours.

Today, the crypt is on the rise and may be in front of the 12-day EMA. On the upside, if the bulls break the EMA, the crypt will test the resistance level. On the negative side, if the bulls have been rejected, the crypt will continue its movement linked to the interval. The stochastic indicator is located in the oversold region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.

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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