Litecoin Price Prediction: Long-term (LTC) Value Forecast – July 13
- On June 22, the bulls failed to break the $140 overhead resistance as the market fell to a downward correction.
- From the price action, the crypto's price is likely to fall to the previous low at $87.
LTC/USD Long-term Trend: Bearish
- Resistance Levels: $100, $110, $120
- Support levels: $90, $80, $70
The LTC/USD pair is now in a bearish trend zone. On June 22, the bulls failed to break the $140 overhead resistance as the market fell to a downward correction. The bears have broken below the 12-day EMA and the 26-day EMA to reach the bearish trend zone. As the crypto's price is below the EMAs, there is a likelihood that price will continue its fall. Nevertheless, the LTC price has fallen to a low at $98 as at the time of writing. From the price action, the crypto's price is likely to fall to the previous low at $87.
A trend line is drawn to determine the duration of the bearish trend. A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Litecoin’s price is $367.03 LTC/USD exchange rate today. The real-time LTC market cap of $24.5 Billion currently ranks #10 with , daily trading volume of $5.31 Billion and live coin value change of LTC 6.62 in the last 24 hours.
Live Litecoin (LTC) Price:
1 LTC/USD =$367.0337 change ~ 6.62%
Latest Litecoin Price Analysis, Chart Forecasts and Blockchain News
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.