Price Analysis of Litecoin (LTC) – August 28th

  Litecoin Chart, LTCUSD, CryptoCompare Litecoin Chart for Trading View

LTCUSD Medium Term Trend:

Strength Levels: $ 70, $ 80, $ 90

Levels of Support: $ 50 , $ 40, $ 30 [19659005] Yesterday, the LTCUSD couple was in a side trend. In the sideline, the price of Litecoin was approaching the upper level of the range range area. Today, the price has broken the upper level of the area limit zone which is the price of $ 60. However, while the price progresses, the cryptocurrency could be faced with a resistance at the price of $ 62.

This is because the price of Litecoin has been rejected in previous attempts. If the price is countered again, it may be forced to move at an interval above the price level of $ 60 or to withdraw into the area's coverage zone. However, the MACD line and the signal line are below the zero line indicating a sales signal.

The price of Litecoin is lower than the 12-day EMA and the 26-day EMA indicates that the price is falling. [19659009] LTCUSD Short-term trend: bullish

 Litecoin, LTCUSD, chart CryptoCompare Chart Litecoin of Trading View
 

In the 4-hour chart, the LTC price is in an uptrend. A large bullish candlestick broke the upper level of the area limit zone. The price at $ 60 is the broken level and our new level of support to start long exchanges if the level is valid. Meanwhile, the Relative Strength Index 14 period is level 69 indicating 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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