Price Analysis of Litecoin (LTC) – August 24th

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Litecoin price analysis (LTC) – August 24

litecoin-ltc-price-analysis-august-24 [19659004] Price bars are above the exponential moving averages indicating that the price is rising.

  • The LTC price will likely fluctuate between the levels of $ 58 and $ 55 horizontally for a few days to come.
  •   Litecoin, LTCUSD, CryptoCompare chart [19659007] Litecoin chart for Trading View </span></span>
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<h2>  LTCUSD Medium-term trend: </h2>
<p>  Strength levels: $ 60, $ 61, $ 62 </p>
<p>  Levels of support: $ 57 , $ 56, $ 55 </p>
<p>  Litecoin's price is range-bound. The cryptocurrency has no significant price movements. Yesterday, the price of Litecoin was closed at the price of $ 55.71. Today, the LTC price is approaching the price of $ 57. Litecoin's price will probably not be traded at key market levels. It will probably swing between levels of $ 58 and $ 55 horizontally for a few days to come. </p>
<p>  However, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the price is decreasing. </p>
<h2>  Short-term trend LTCUSD: Interval </h2>
<p>  <img class= Litecoin chart for Trading View
     

    In the 4-hour chart, the LTC price is tied to the range. The price bars are above the exponential moving averages indicating that the price is increasing. However, the price of Litecoin, the 12-day EMA and the 26-day EMA are trending horizontally, indicating that the price is in an area with an interval limit. Meanwhile, the relative relative strength index period 14 is level 55 which indicates that the price is in the range coverage area.

    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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