Litecoin (LTC) Long Term Price Forecast – February 2

LTC/USD Long-term Trend: Ranging

·         Resistance Levels: $60, $70, $80

·         Support levels: $30, $20, $10

The price of Litecoin is currently in a sideways trend zone. On January 1, the crypto has an opening balance of $30.99 but with a closing price of $32.03. The price of Litecoin has appreciated by 3.35% of its capitalization. On January 6, the bulls took price to the high of $42.22 but it faced resistance at the $40 price level. 

The bears sink the crypto to the low of $32.47. Nevertheless, the price of Litecoin is fluctuating below and above the EMAs at the $32 price level.

Today, the crypto’s price is in a bullish trend and it is trading at $33.64 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com