Litecoin (LTC)

Litecoin Price Prediction: Long-term (LTC) Value Forecast – July 20

Azeez Mustapha
July 21, 2019

On the upside, if the bulls break above 12-day EMA and the 26-day EMA, the crypto's price will rise and retest the $140 overhead resistance.
The $80 support level was the previous low of May 8 where the downward trend was correction.

LTC/USD Long-term Trend: Bearish

Resistance Levels: $100, $110, $120
Support levels: $90, $80, $70

The LTC/USD pair had been on a downward trend since last week. On June 23, the bulls were resisted at the $140 overhead resistance and the LTC market was on a downward correction to a low at $80 on July 16. The $80 support level was the previous low of May 8. On May 8, the bulls took control of price and made an upward move to the high of $140 price level. The bulls were unable to break the $140 resistance level and the market fell to a downward correction.Today, the LTC price is now trading in the bearish trend zone below the EMAs.

On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto's price will rise and retest the $140 overhead resistance. However, if the bulls fail to break above the EMAs, the coin will continue to fluctuate below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Litecoin’s price is $173.96 LTC/USD exchange rate today. The real-time LTC market cap of $11.58 Billion currently ranks #9 with , daily trading volume of $1.08 Billion and live coin value change of LTC 5.11 in the last 24 hours.

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The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez 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.