Litecoin (LTC) Long Term Price Forecast – January 26

Fibo Quantum

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The price of Litecoin is currently in a bearish trend zone. On January 1, the crypto has an opening balance of $30.99. The crypto’s price rose to the high of $40.15 while in a bullish trend. On January 11, the price of Litecoin was resisted as the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $32.47.

The crypto’s price further depreciated to the low of $30.51 and commenced a range bound movement below the EMAs. Today, the crypto’s price is ranging above the $30 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.

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