Long-term (LTC) Value Forecast – April 20

  •  If the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.
  • On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement.

LTC/USD Long-term Trend: Ranging

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bearish trend after the bulls were resisted at the $95 resistance level. On April 11, the crypto’s price fell to the low at $79.65 and commenced a range bound movement above the 26-day EMA or above the $75 support level. The crypto’s price was ranging below the $85 resistance level because the bulls failed to break above it. The LTC price was trading above the $75 support level which had been holding since April 11. However, since April 14, the bulls had not been able to break the $85 price level. However, if the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.

On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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