Litecoin (LTC) Daily Price Forecast – August 13

Fibo Quantum

live cryptocurrency event

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $62, $63, $64
Support Levels: $58, $57, $56

Last week the price of Litecoin was in a bearish trend. In the downward trend, the price fell from the high of $74.29 to the low of $55.80 and made a partial bullish movement. Today, the LTC price is in a sideways trend at a price of $59.23 as at the time of writing. Price is likely to rise after the sideways trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bullish

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

crypto training course

Wood Profits Banner>