• The price of LItecoin has reached the oversold region of the market and buyers are likely to emerge.
• The LTC price is fluctuating between the levels of $88 and $91.

LTC/USD Medium-term Trend: Ranging

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

Yesterday, July 29, the price of Litecoin was still trading below the 12-day EMA and the 26-day EMA. The LTC price is ranging below the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price rise will rise to retest the $140 resistance level.

On the other hand, if the bulls fail to break the EMAs, the coin will continue its range bound move below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. On July 27, the bulls were resisted at the $96 price level and the market fell on a downward correction to the low of $88.

The crypto’s price is fluctuating below and above the EMAs between the levels of $88 and $91 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.

Litecoin’s price is $178.61 LTC/USD exchange rate today. The real-time LTC market cap of $11.86 Billion currently ranks #8 with , daily trading volume of $1.87 Billion and live coin value change of LTC 1.62 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 research.