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  1. #1
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    Default Litecoin Price Prediction: Long-term (LTC) Value Forecast June 1

    LTC/USD Long-term Trend: Bullish

    • Resistance Levels: $105, $110, $115
    • Support levels: $100, $90, $80

    The LTC/USD pair is in the bullish trend zone. On April 3, the LTC market had been trading below the $100 resistance level before it was broken. During the month of April, the LTC market fell to a low at $70 support level. In the month of May, the bulls made an upward move and tested the $100 resistance twice before breaking it.

    On May 24, the bulls broke the $100 resistance level to reach a high of $120 price level. The bulls were resisted at the $120 price level and price retraced to the support of the 12-day EMA. On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.

    On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Meanwhile, the coin has an opening balance of $78 in the month of May 2019. The crypto has a closing price of $114 as at May 31. This indicates that the LTC market appreciated by 46% of its capitalization in the month of May 2019. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

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


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  3. #2
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    To predict the future price on the base of previous field technical analysis required. Technical analysis is used basically for price selection, news and data making a decision. My forex trading broker is FXdirects. They give me the facility to use their technical analysis for my trading. A strategy is important in every trading business. In forex trading, there are many types of strategies. Also, there are two types of analysis for all sort of strategies. They are fundamental and technical analysis.

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