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Price analysis of Litecoin (LTC) – 27 September

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

LTCUSD Medium-term trend: variable

Strength levels: $ 60, $ 62, $ 64

Support levels: $ 55, $ 53, $ 51

The LTC price is currently limited while the market is calm. In the uptrend of September 21, Litecoin's price exceeded the upper end of the price range at $ 62.77. The cryptocurrency held out because the price level of $ 60 was a drag on the LTC price. Today, the LTC price has broken the upper level of the price range.

If the bulls keep their grip on the price of Litecoin, it will be out of the coverage area. On the other hand, if the price falls, the price of Litecoin will continue its movement linked to the range. However, the LTC price is higher than the 12-day EMA and the 26-day EMA which indicates that a bullish trend continues. The MACD line and the signal line are above the zero line indicating a purchase signal.

LTCUSD Short-term trend: bullish

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

In the 4-hour chart, the LTC price is in an uptrend. The price has exceeded the upper level of the price range. The price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.

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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