• The cryptocurrency is in an uptrend in both the medium-term and short -term.
• Sellers are returning in a grand style to dominate the market.
LTC/USD Medium-term Trend: Bullish
• Resistance Levels : $80, $90, $100
• Support Levels: $35.00, $25.00, $15.00
The coin is in an uptrend zone in its medium-term outlook. $68.58 in the support area is the close of yesterday's session.
The bearish spinning top hammer at $73.43 in the support area and subsequent breakdown at the EMA-9 pushes price down to $72.00 as the session opens today.
Price of Litecoin is down at $72.00, in the support area. With the price below the EMA-9 and the daily stochastic signal pointing down at level 32% in the oversold region suggests that the momentum in the price of the coin is in a downtrend in the medium-term outlook
LTC/USD Short-term Trend: Bullish
The coin is in an uptrend in its short-term outlook. On the 4-hourly chart, the market opens today on a bullish note at $73.43 in the resistance area.
Bears’ gradual return with a doji candle at $73.27 in the support area further pushes the price down.
The cryptocurrency is down at $72.00 in the support area. Price hovers around the two EMAs the stochastic signal pointing down at level 45% is an indication of downward momentum in price of the coin in the short-term.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.