LTC/USD
Medium-term Trend: Ranging
Resistance Levels: $58, $59,
$60
Support Levels: $54, $53, $52
Support Levels: $54, $53, $52
Yesterday, August 15th, the
LTC price was in a bullish trend. The digital currencies rose from the low of
$51.05 to the high of $58.73. However, the LTC price was resisted and the price
fell to the low of $55.90. Since on August 12, the price of Litecoin has been
fluctuating between the levels of $60 and $50.
Today, the LTC price will
continue its fluctuations between those levels until they are broken by
price.Today, the LTC price is currently trading at $56.78 as at the time of
writing. Nevertheless, the MACD line and the signal line are below the zero
line which indicates a sell signal. Also, the price of Litecoin is below the
12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.
The Relative Strength Index period 14 is level 44 which indicates that price in
the sideways trend zone.
LTC/USD Short-term Trend: Bullish
From the 1-hour chart,
the LTC price is in a sideways trend. The price of Litecoin is ranging at a
price of $54.88. Meanwhile, the MACD line and the signal line are at par with
the zero line which indicates a neutral signal.
The views and opinions
expressed here do not reflect that of BitcoinExhangeGuide.com and do not
constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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