LTC/USD
Long-term Trend: Bearish
Resistance Levels: $60, $70,
$80
Support levels: $50, $40, $30
Support levels: $50, $40, $30
The LTC/USD pair had been
bearish in the month of October 2018. On October 1, the LTC price has an
opening balance of $60.40. The crypto's price faces resistance at the $60 price
level.
On October 9, the price of
Litecoin was resisted at the price of $59.99 and it fell to a low of $52.65. On
October 15, the price of Litecoin reached the high of $62.06 but pulled back to
the low of $55.87. The price continued its fall to the low of $53.26 and
commenced a range bound movement up till date.
On the upside, the $60
price level has to be broken for Litecoin to resume its uptrend. Meanwhile, the
price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates
that a bearish trend is ongoing. The MACD line and the signal line are below
the zero line which indicates a sell 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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