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Litecoin Price Prediction Today: Daily (LTC) Value Forecast – April 1

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  • On the downside, if the price continues its fall, it may fall to the previous low at $58.90.
  • On the upside, if the bulls break above the EMAs, the bulls will retest the $62 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week the price of Litecoin was in the bullish trend zone. The LTC price fell to the bearish trend zone after the bulls failed to break the $62 resistance level. The crypto’s price made two attempts at the $62 resistance level. At each attempt, the crypto’s price would fall to the support of 12-day EMA. However, on March 30, the resistance made the price to fall to the bearish trend zone.

On the downside, if the price continues its fall, it may fall to the previous low at $58.90. On the upside, if the bulls break above the EMAs, the bulls will retest the $62 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 EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is above 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The price reached the $62 resistance level but was resisted. The LTC price fell to the support of the 26-day EMA

If the bulls break the EMAs, the crypto price will retest the $62 resistance level. On the other hand, if the bulls fail to break above the EMAs, the price will fall below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price 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.

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