LTC/USD Long-term Trend: Bullish Resistance Levels: $60, $70, $80 Support levels: $30, $20, $10

The LTC/USD pair is now in a bullish trend as price rises to $34.10 price level. In the last two weeks, the pair had been bearish as price fell to its low at $23.14. In the daily chart, the 12-day EMA and the 26-day EMA are making U-turn in the direction of the bullish trend. In the weekly chart, the Stochastic indicator is coming out of the oversold region below the 20% range. In the oversold region, the price of Litecoin had been in a bearish momentum.

Today, the bull market is in the offing as the cryptocurrency market is rising. Nevertheless, if the Stochastic bands rise above the 20% range, the price of Litecoin will be in bullish momentum. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is still in the bearish zone. Also, 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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