LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 13, the price of Litecoin was ranging above the $44 price level. The crypto’s price retraced and it is trending on the 12-day EMA. On February 11, the bulls reached the $48 price level and were resisted. At the support of the 12-day EMA, the bulls are making a series of higher highs and higher lows.

If the bulls break the resistance at $48, the crypto will revisit the previous high of $60. On the downside, if the bears take price below the 12-day EMA and 26-day EMA, the downward trend will resume. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Yesterday, the crypto’s price fluctuates below and above the EMAs. At the low of $43.57, the crypto commenced another bullish movement to the bullish trend zone.

The crypto’s price is ranging at the $44 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Original Article

Get This Free Video On How TO Make $200 - $500 Per Hour Trading With Crypto

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.