Litecoin, LTCUSD, CryptoCompare chartLitecoin Chart by Trading View

LTCUSD Medium-term Trend: Ranging

Resistance Levels: $60, $61, $62                                                                                                                       

Support Levels: $57, $56, $55

The price of Litecoin is range-bound. The cryptocurrency has no significant price movement. Yesterday, the price of Litecoin closed at a price of  $55.71. Today, the LTC price is approaching the price of $57. The price of Litecoin is not likely to trade at the key levels of the market. It will likely be fluctuating between the levels of $58 and $55 horizontally for some days to come.

Nevertheless, 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 price is falling.

LTCUSD Short-term Trend: Ranging 

LTCUSD 4-Hour (August 24)TV.pngLitecoin Chart by Trading View
           

On the 4-hour chart, the LTC price is range-bound.  The price bars are above the exponential moving averages indicating that the price is rising. However, the price of Litecoin, the 12-day EMA and the 26-day EMA are trending horizontally indicating that the price is in a range bound zone. Meanwhile, the Relative Strength Index period 14 is level 55 which indicates that the price is in the range bound zone.

 

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