Litecoin Chart by Trading View
Litecoin Price Medium-term Trend: Ranging
Resistance Levels: $90, $91, $92
Support Levels: $87, $86, $85
Yesterday, July 24th, the LTC price is still in a range bound movement. From the daily chart, the price of Litecoin is fluctuating between the levels of $89 and $74. Yesterday, the bulls took price to the high of $89.49 and were resisted by the bears. Unlike the other trending cryptocurrencies, Litecoin price is range bound and most likely to reverse at the resistance zone.
However, If you had taken a short trade yesterday at the resistance level, you would have made partial profits from the LTC price. You still have another chance to take a long trade at the support level when LTC price tests the support level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also, the 12-day EMA and the 26-day EMA are neither above nor below the price of Litecoin indicating that price is in a range bound movement.
Litecoin Price Short-term Trend: Ranging
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