Litecoin (LTC) Technical Analysis July 6th
cryptocurrency-event-2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $74, $72, $70

Yesterday, July 10, the price of Litecoin was in a downward trend. The digital currency fell to the low of $75.08 but it made a pullback to the high of $77.53. Today, the price of Litecoin is still falling. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 33 which indicates that the market is oversold suggesting bulls to control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. From the chart, the price of Litecoin is in a sideways trend. That is the price is said to be moving horizontally. However, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price of bars of Litecoin which indicates that the bearish trend is ongoing.

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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