Litecoin Price Prediction Today: Daily (LTC) Value Forecast – July 9
- 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 bearish pressure continues, the coin may find support at the $110 price level.
LTC/USD Medium-term Trend: Bearish
Resistance Levels: $140, $150, $160
Support levels: $120, $110, $90
Yesterday, July 8, the price of Litecoin was in a sideways trend trading below the 12-day EMA and the 26-day EMA. Yesterday, a bullish candlestick was resisted by the EMAs as price falls below the EMAs. If the bearish pressure continues, the coin may find support at the $110 price level. However, if the candlesticks pattern is dominated by small body candlesticks like the Doji and the Spinning tops; the crypto’s price may range for a longer days.
From the chart, the 12-day EMA and the 26-day EMA are also fattened indicating that price is in a range bound move. 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 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 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 of the EMAs after testing the resistance level. On July 6, the bulls tested the $123 price level and were resisted. The bears broke the EMAs to the bearish trend zone. The MACD line and the signal line is above the zero line which indicates a buy signal.
Litecoin’s price is $304.83 LTC/USD exchange rate today. The real-time LTC market cap of $20.35 Billion currently ranks #11 with , daily trading volume of $2.95 Billion and live coin value change of LTC -3.08 in the last 24 hours.
Live Litecoin (LTC) Price:
1 LTC/USD =$304.8305 change ~ -3.08%
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