Last week the price of Litecoin was in a sideways trend. The crypto's price was ranging above the $40 price level in the last one week. The LTC price fluctuated above the 12-day EMA and 26-day EMA. Today, the LTC price is above the EMAs which indicates that price is likely to rise.

On the upside, the crypto's price may rise, if the bulls break the $48 resistance level. On the downside, if the bears break below the $40 price level, the crypto will resume its downward trend. The LTC price is trading at $43.86 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The LTC price was fluctuating above and below the 12-day EMA and the 26-day EMA. Neither the bulls nor the bear has upper hand as the price was range bound above the $40 price level.

Today, the crypto's price is above the EMAs 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. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish 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.

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