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.

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