- The crypto’s price will reach the highs of $110 or $120 price levels if the bulls break the $95 resistance level.
- On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 price level.
LTC/USD Long-term Trend: Bullish
- Resistance Levels: $80, $90, $100
- Support levels: $70, $60, $50
The LTC/USD pair was in a bullish trend since the beginning of April. On April 6, the crypto’s price traded and reached a high of $98.80 but the bulls were resisted. The price of Litecoin faces resistance at the $95 price level. The crypto’s price made a downward correction as the price fell and broke the 12-day EMA. The LTC price fell to the support of the 26-day EMA. On the upside, the crypto’s price is likely to rise if the 26-day EMA is holding. If the bulls break the $95 resistance level, the crypto’s price will reach the highs of $110 or $120 price levels.
On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 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 the crypto is in the bullish 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.
Cryptocurrency Prices: Live Real-Time Coin Market Cap Values