Litecoin (LTC) Daily Price Forecast – August 3

2018-8-3 12:38

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $76, $74, $72

Yesterday, August 2nd, the LTC price was still in a bearish trend. The cryptocurrency is approaching the support level at $74 of the range bound zone. The market has been so quiet and there seems to be no significant price movement. However, the price at $74 is a critical support level which has not been broken since the beginning of this year.

Traders can initiate long trades and a stop loss at $350. From the chart, 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 33 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

From the 1-hour chart, the LTC price is in a downward trend. The LTC price is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Litecoin (LTC) на Currencies.ru

$ 78.58 (-0.37%)
Объем 24H $342.071m
Изменеия 24h: -2.91 %, 7d: -2.04 %
Cегодня L: $78.48 - H: $79.44
Капитализация $5.857b Rank 19
Цена в час новости $ 75.54 (4.02%)

price ltc levels support bearish trend august

price ltc → Результатов: 83


LTC / USD Price Analysis: Continuing Descent

Litecoin is neutral in the short-term, with the cryptocurrency testing back towards its 200-period moving average The LTC / USD pair retains its bullish medium-term outlook, with price holding firm above its 200-day moving average A large inverted head and shoulders pattern still remains valid on the daily time frame LTC / USD Short-term price […] The post LTC / USD Price Analysis: Continuing Descent appeared first on Crypto Briefing.

2019-4-23 17:33