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LTC/USD Medium-term Trend: Bullish

Resistance Levels: $80, $81, $83
Support Levels:$78, $77, $76

Last week, the LTC/USD pair was in a bearish trend. The cryptoasset was trading above the $70 price level last week. For instance, the price of Litecoin was trading at $80.26 on June 25 and it fell to its low at $73.27.

Later the cryptoasset made a bullish movement and closed trading at $79.54 on June 30. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 51 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC/USD pair is trending above the $70 price level horizontally. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways 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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