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

The LTC/USD pair was in a sideways trend in the last ten days. The crypto’s price was fluctuating above the $30 price level. The price action was characterized by small body candlesticks describing the indecision of buyers and sellers above the $30 price level. The 12-day EMA and the 26-day EMA were horizontally flat in the daily time frame indicating the sideways trend.

From the weekly chart, the price of Litecoin was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy 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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