Litecoin (LTC) Technical Analysis July 20th

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $91, $93, $95
Support Levels: $85, $83, $81

Yesterday, July 24th, the price of Litecoin was in a bullish trend. The cryptocurrency was in a downward trend the previous day but fell to the low of $80.83. Traders would have made partial profits if they had initiated long trades at the previous low of the digital asset. Price of Litecoin has made a bullish movement to the high of $89.22 as at the time of writing.

Meanwhile, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral 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 Rtrength Index period 14 is 66 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On 1-hour chart, the price of Litecoin was in a bullish trend. Today the cryptocurrency is out of the range-bound zone as the digital asset breaks through the $85 price level. On the 1-hour chart, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish 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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