Daily (LTC) Value Forecast – April 25

Fibo Quantum

  • The price of Litecoin had been on a downward trend since April 6.
  • On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 24, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been on a downward trend since April 6. The price of Litecoin had fallen from the $96 resistance level to $72 price level. Yesterday, the crypto’s price fell from the $78 price level to a low at $72. The crypto’s price is also ranging below the 12-day EMA and the 26-day EMA. The bulls are yet to be in control since April 6.

On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs. On the other hand, if the bulls fail to break above the EMAs, the LTC price will depreciate to a low at $60 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 EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto’s price is holding at the $72 price level while the bulls broke above the 12-day EMA and the 26-day EMA. On the downside, if the bulls fail to sustain the price above the EMAs, the crypto’s price will fall back to the bearish trend zone to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish 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.