LTC/USD Long-term Trend: Bullish Resistance Levels: $60, $70, $80 Support levels: $40, $30, $20

The LTC/USD pair was in a sideways trend zone in the month of January. In January, the crypto's  price ranges from $30.99 to $32.03. The price of Litecoin appreciated in the month of January. On February 8, the bulls broke the range bound movement and the EMAs as the crypto reached the high of $47.60.

The crypto’s price is likely to rise as the price is in the bullish trend zone. However, the crypto’s price is facing resistance at the $48 price level. On the upside, the crypto’s price has to be sustained above the EMAs, and the bulls break the $48 resistance level.

Then the crypto's price is likely to rise because it is above the EMAs. The LTC price is trading at $42.68 as at the time of writing. The crypto is expected to reach the highs of $60 and $65 price level. 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 the crypto 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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