Litecoin (LTC) Daily Price Forecast – January 2

2019-1-2 09:37

LTC/USD Medium-term Trend: Bullish Resistance Levels: $66, $68, $70 Support Levels: $30, $28, $26

Yesterday, January 1, the price of Litecoin was in a bearish trend zone. The crypto’s price was trading at $31.38 but below the bearish trend zone. Today, the crypto’s price has broken the 12-day EMA, the 26-day EMA and the $32 price level which indicates that price is likely to rise.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the oversold region and it is approaching the 80% range indicating that price is in a bullish momentum and a buy signal. The crypto’s price is expected at the $34 price level.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. On January 1, the crypto’s price was in the bearish trend zone, trading at a price of $31.04. Today, the bulls have broken the EMAs to the upside and Litecoin is currently trading at $33 price level.

The MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the overbought region  but above the 20% range. This indicates that Litecoin is in a strong bearish momentum and 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

$ 83.71 (-0.01%)
Объем 24H $273.308m
Изменеия 24h: -0.09 %, 7d: 1.77 %
Cегодня L: $81.92 - H: $84.15
Капитализация $6.241b Rank 19
Цена в час новости $ 32.71 (155.92%)

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