• The bears overpowered the bulls as the price fell to a low at $87.
• On the downside, if the bearish pressure continues, the LTC price will further depreciate to a low at $75.

LTC/USD Medium-term Trend: Bearish

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

On June 12, the bulls tested the $140 price level and were in a range bound move below it. On June 22 the bulls attempted breaking the levels before they were resisted. The LTC price was on a downward correction. The market fell to the support level at $110 price level.

The bulls took advantage of the support level and made an upward move above the EMAs to retest the $140 resistance level. The bears overpowered the bulls as the price fell to a low at $87. The bears have erased 38%of the bullish gains. On the downside, if the bearish pressure continues, the LTC price will further depreciate to a low at $75. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southwardly. The LTC market was ranging below the $100 price level. On July 14, the bears broke the 12-day EMA and the 26-day EMA and reached the low of $86 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.

Litecoin’s price is $171.75 LTC/USD exchange rate today. The real-time LTC market cap of $11.44 Billion currently ranks #9 with , daily trading volume of $1.21 Billion and live coin value change of LTC -7.89 in the last 24 hours.

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