Litecoin, LTCUSD, CryptoCompare chartLitecoin Chart by Trading View

LTCUSD Medium-term Trend: Bearish

Resistance Levels: $55, $56, $57                                                                                                                          

Support Levels: $50, $49, $48

Yesterday, August 13th, the LTC price was in a downward trend. The cryptocurrency fell to the low of $56 yesterday. Today the LTC price is on a downward trend approaching the price at $53. However, the LTC price will likely find support at $50 as the downward trend continued. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA  which indicates that the bearish trend is ongoing.

LTCUSD Short-term Trend: Bearish  

Litecoin, LTCUSD, CryptoCompare chartLitecoin Chart by Trading View
            

On the 4-hour chart, the LTC price is on a bearish trend. The price is making a series of lower highs and lower lows. The price fell to the low at $51 but made a partial bullish movement. 

Meanwhile, the Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls might take control of the market.

 

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