2018-8-1 12:11 |
Resistance Levels: $78, $80, $82
Support Levels: $76, $74, $72
Yesterday, July 31, the LTC price was in a bearish trend. Despite the downtrend, the price of Litecoin is range bound between the levels of $90 and $74. The price of Litecoin reached the previous low of the market and resumes its sideways trend. It is likely that the LTC price will not break the support level of the range bound zone.
Meanwhile, 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 28 which indicates that the market is oversold suggesting bulls to take control of the market.
LTC/USD Short-term Trend: BearishOn 1-hour chart, the price of Litecoin is in a bearish outlook. The LTC price is below the 12-day EMA and 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
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