LTC/USD Medium-term Trend: Ranging
Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50
Last week the LTC price was in a sideways trend. The digital currency fluctuates between the resistance level at $60 and the support level at $50. However, On August 22nd, the price of Litecoin reached the high of $59.43 and price pullback to the low of $56.21. The digital currency had been ranging below and above the price $56.21. Today, the LTC price has no significant price movement because the market is quiet.
The price will react the same way this week until a breakout occurs. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.
LTC/USD Short-term Trend: Ranging
From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.
The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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27-08-2018, 09:06 AM #1
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Litecoin (LTC) Daily Price Forecast – August 27
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02-12-2023, 10:37 AM #2
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A scam and unregulated broker make things even worse. They work as a hurdle to the way of successful trading. So, traders should try their best to bring things in their favor. FXOpulence is a regulated broker, allowing traders with high security of funding.
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08-12-2023, 04:55 AM #3
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Therefore, when choosing a broker, it's crucial to pay close attention. Brokers serve as the bridge for traders to engage in forex trading. Thus, I chose to join Tickmill as here I can comfortably and securely conduct forex trading.
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