Litecoin (LTC) Daily Price Forecast – January 17

2019-1-17 09:42

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

Yesterday, January 16, the price of Litecoin was in a bearish trend zone. The crypto’s price is fluctuating above the $30 price level in the last 24 hours. The appearance of small body candlesticks like the Doji and the Spinning tops describe the indecision of buyers and sellers at the $30 price level.

As the crypto ranges, there is the likelihood of price breakout in the nearest future. Meanwhile, the LTC price is still below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. If the bears break the $30 price level, the crypto will find support at the $28 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. Yesterday, the 12-day EMA and the 26-day EMA are trending horizontally. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The crypto's price fell to the low of $31 and commenced a range bound movement.

Meanwhile, the stochastic is out of the overbought region but below the 50 % range which indicates that the crypto is in 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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Litecoin (LTC) на Currencies.ru

$ 89.75 (-0.71%)
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