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.
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