Litecoin (LTC) Daily Price Forecast – July 23

2018-7-23 11:54

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $85, $87, $89
Support Levels: $81, $79, $77

Last week the price of Litecoin was also in a bearish outlook. The cryptocurrency had a bullish trend that took price to the high of $92.04. On July 21st, the price of Litecoin fell to the low of $79.66. Today, the digital currency has made another bullish movement to the high of $83.21. Price of Litecoin is now in a sideways trend.

Meanwhile, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral signal. Also, the 12-day EMA and the 26-day EMA are above the price of Litecoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is Level 49 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates 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

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Источник: bitcoinexchangeguide.com

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