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Price Analysis of Litecoin (LTC) – September 13th

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LTCUSD Mid-term trend: Bearish

Strength levels: $ 55.0, $ 57.0, $ 59.0 [19659005] Support Levels: $ 53.0, $ 51.0, $ 49.0

Yesterday, the price of Litecoin was in a bearish trend. Yesterday, the LTC price was outside the border area with a downward trend.

The cryptocurrency dropped to a minimum of $ 47.14 and started a bullish movement immediately at the previous high. The price of Litecoin has returned to the previous limit zone. The price is currently at $ 53.15 but will face resistance to the $ 55 level.

Traders should exit their long trades as the price is not expected to continue further. The price of Litecoin is likely to fluctuate between the levels of $ 60 and $ 50. However, the LTC price is lower than the 12-day EMA and the 26-day EMA, which indicates that the continuous decline. The MACD line and the signal line are below the zero line indicating a sales signal.

LTCUSD Short-term trend: Bullish

 Litecoin, LTCUSD, CryptoCompare chart Litecoin Chart by Trading View

In the 4-hour chart, the LTC price is in an uptrend. The price of Litecoin is higher than the 12-day EMA and the 26-day EMA, which indicates that the price is rising. Meanwhile, period 14 of the relative resistance index is level 50, which indicates that the market is oversold and suggests that the bulls will take control of the market.

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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