LTC/USD Medium-term Trend: Bullish
Resistance Levels: $87, $89, $91
Support Levels: $83, $81, $79
Yesterday, July 18th, the price of Litecoin was in a bullish trend. The cryptocurrency appreciated to the high of $92.04 but price made a pullback to the low of $85.53. The price of Litecoin is outside the previous range bound zone of $85 and $75.
Meanwhile, the MACD line and the signal line are above the zero line which indicate a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 53 which indicates that price is in the sideways trend zone.
LTC/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Litecoin is in a bearish trend. The 12-day EMA and the 26-day EMA are above the price of Litecoin which indicate that the bearish trend is ongoing. The MACD line and the signal line are at par with the zero line which indicate a neutral signal.
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