Litecoin Price Analysis (February 9)

2020-2-9 15:13

• The Medium-term outlook and the Short-term outlook are in an uptrend.
• The bulls remains in control of the market.

LTC/USD Medium-term Trend: Bullish

• Resistance Levels : $80.00, $90.00, $100.00
• Support Levels:      $35.00, $25.00, $15.00

The cryptocurrency is in a bullish trend in its medium-term outlook. After breaking the $77.58 of the resistance line the bulls pushes the price further up at $78.45 in the resistance area during the session today.

Price is up to $78.45 in the resistance area as the journey up north continues.

With the price of LTC/USD above the two EMA's and the stochastic oscillator indicator at the overbought region suggests an upward momentum in price of the coin in the medium-term.

LTC/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls made a progressive movement to the north with a touch at the EMA 9, $77.92 in the resistance area was the high attained by the cryptocurrency during yesterday's session.

Today’s 4-hour bullish opening candle at $77.60 sustains the upward momentum with LTC/USD up to $78.45 in the resistance area.

Price is above the two EMA’s and the stochastic oscillator indicator in the overbought region indicates an upward trend in the price of the cryptocurrency in the short-term.

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