Litecoin (LTC) Price Analysis (February 18)

• 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.

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Ben Jordan
Ben Jordan
Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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