Litecoin (LTC) Technical Analysis July 13th, Charlie Lee Isn't Worried

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $85, $87, $89
Support Levels: $83, $81, $79

Yesterday, July 19th, the price of Litecoin was in a bullish trend. The cryptocurrency appreciated to the high of $92.04 but the price made a pullback to the low of $85.53. From the price action, the cryptocurrency is  still falling and reaching  the previous low of $ 81.90.

Meanwhile, the MACD line and the signal line are above the zero line which indicates 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 60 which indicates that price is in the bullish 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 below the zero line which indicates a sell signal.

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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