Litecoin Price Analysis (February 9)

    • The Medium-term outlook and the Short-term outlook are in an uptrend.
    • The bulls remains in control of the market.

    LTC/USD Medium-term Trend: Bullish

    • Resistance Levels : $80.00, $90.00, $100.00
    • Support Levels:      $35.00, $25.00, $15.00

    LTC/USD MEDIUM-TERMThe cryptocurrency is in a bullish trend in its medium-term outlook. After breaking the $77.58 of the resistance line the bulls pushes the price further up at $78.45 in the resistance area during the session today.

    Price is up to $78.45 in the resistance area as the journey up north continues.

    With the price of LTC/USD above the two EMA's and the stochastic oscillator indicator at the overbought region suggests an upward momentum in price of the coin in the medium-term.

    LTC/USD Short-term Trend: Bullish

    The cryptocurrency is in a bullish trend in its short-term outlook. The bulls made a progressive movement to the north with a touch at the EMA 9, $77.92 in the resistance area was the high attained by the cryptocurrency during yesterday's session.

    Today’s 4-hour bullish opening candle at $77.60 sustains the upward momentum with LTC/USD up to $78.45 in the resistance area.

    Price is above the two EMA’s and the stochastic oscillator indicator in the overbought region indicates an upward trend in the price of the cryptocurrency in the short-term.

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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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