• On May 12, the sellers located the lower price range and the LTC price consolidated for two days.
  • On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $90, $92, $94
  • Support levels: $88, $84, $82

Yesterday, May 13, the price of Litecoin was still ranging below the $92 resistance level. The bulls and the bears were trading between the levels of $85 and $92 price levels. On May 12, the sellers located the lower price range and the LTC price consolidated for two days. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Today, the bulls are heading towards the upper price level.

On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level. However, if the bulls failed to break the upper price level, the price action will fluctuate between the two horizontal lines. Meanwhile, the MACD line and the signal line are above the 2.0 line which indicates strong buying signal. 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 a range bound movement. The moving averages are trending horizontally indicating that the LTC price is in a range bound movement. In the last four days, the bulls have tested the upper price level but were unable to break it. Today the price action is following a bullish pattern and buyers are likely to locate the $92 price level. Meanwhile, the crypto’s price is trading at $90.56 as at the time of writing.

Live Litecoin (LTC) Price:

1 LTC/USD =$91.1025 change ~ 6.26%

Coin Market Cap

$5.63 Billion

24 Hour Volume

$1.29 Billion

24 Hour VWAP

$90

24 Hour Change

$5.7018

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

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