• In retrospect, on June 22, the LTC market reached a high of $140 price level and was resisted.
• On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $134 and $140 resistance levels.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $140, $150, $160
Support levels: $120, $110, $90

Last week, July 1, the price of Litecoin was in a sideways trend trading below the 12-day EMA and the 26-day EMA. In retrospect, on June 22, the LTC market reached a high of $140 price level and was resisted. The LTC market was a downward correction as the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

The downward correction was on June 27 at the support level of $110 price level and below the EMAs. At the support level of $110, the bulls pulled above the EMAs but were resisted as the bears brought the price to the bearish trend zone below the EMAs.

The crypto’s price is ranging below the EMAs which suggest that price may likely fall. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $134 and $140 resistance levels. On the other hand, if the bulls fail to break the EMAs, the LTC price will be in a range bound move. The MACD line and the signal line are above  the zero line which indicates a buy 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 trending horizontally. The LTC market is facing resistance at the $122 price level. The bulls have tested the resistance level on four occasions. On each occasion, the price would fall to the support level of the EMAs after testing the resistance level. On July 6, the bulls tested the $122 price level and were resisted. The MACD line and the signal line are above the zero line which indicates a buy signal.

Litecoin’s price is $185.39 LTC/USD exchange rate today. The real-time LTC market cap of $12.35 Billion currently ranks #9 with , daily trading volume of $896.33 Million and live coin value change of LTC 2.53 in the last 24 hours.

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