LTC/USD Medium-term Trend: Bullish
- Resistance Levels: $140, $150, $160
- Support levels: $130, $120, $110
Yesterday, June 24, the LTC market was still trading below the $140 overhead resistance level. The bulls have failed to break the $140 overhead resistance since June 11. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is in a bullish trend. On June 22, the bulls tested the $140 price level and price retraced to the support of the 12-day.
Today, the LTC price is making an upward move to retest the $140 overhead resistance level. On the upside, if the bulls sustain the price above EMAs, the crypto’s price will rise again to retest the $140 overhead resistance. The MACD line and the signal line are above the zero line which indicates a buy signal.
LTC/USD Short-term Trend: Bearish
On the 1-hour chart, the LTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally below $144 price level. Today, the bulls are attempting to break above EMA s in order retest a $144 price level.
As the bulls pulled price above the EMAs, the crypto’s price is facing the resistance at the $138 resistance level. On the upside, the bulls will retest the $144 price level after overcoming the $138 and $142 price levels. The MACD line and the signal line are below the zero line which indicates a sell signal.
Litecoin’s price is $135.44 LTC/USD exchange rate today. The real-time LTC market cap of $8.45 Billion currently ranks #5 with , daily trading volume of $917.89 Million and live coin value change of LTC -0.28 in the last 24 hours.
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