Litecoin Chart by Trading View
LTCUSD Medium-term Trend: Bearish
Resistance Levels: $55, $57, $59
Support Levels: $53, $51, $49
Yesterday, the price of Litecoin was in a bullish trend. The cryptocurrency is facing resistance at a price of $55. Yesterday, the LTC price reached the high of $55.28 and was resisted then the price fell and closed at $53.81.
The price is approaching the previous low of $52.74. Today, the price of Litecoin is likely to fluctuate between the levels of $55 and $ 50. The LTC price is below the 12-day EMA and 26-day EMA which indicates that a bearish trend is continuing. The MACD line and Signal line are below the zero line which indicates a sell signal.
LTCUSD Short-term Trend: Bearish
Litecoin Chart by Trading View
On the 4-hour chart, the LTC price is in a downward trend. Today, the price of Litecoin reached the high of $55.67 and the price is in a downward trend again. The price is below 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the Relative Strength Index period 14 is level 49 which indicates that price is in the sideways trend zone.
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