LTC/USD Medium-term Trend: Bullish
Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92
Yesterday June 19, price of Litecoin was also in a bullish trend. The asset traded and closed at a price of $97.44. In yesterday’s analysis, the MACD indicator indicated a neutral signal because of the price of the asset which is neither above nor below the moving averages.
Meanwhile, the MACD line and the signal line are above the zero line indicating a buy signal. In addition, the price of the asset is above 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 46 indicates that price of the asset is in the range bound zone.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, the price of Litecoin is in a bullish trend. Price of the asset was in an upward movement. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. In the 1-hour chart, the relative strength index period 14 is level 68 indicates that price of the asset is in the bullish trend zone.
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