LTCUSD Medium-term Trend: Ranging
Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40
The LTCUSD pair was in a bullish trend. Today, the LTC price is in a bullish trend and the bulls have made another attempt to break the resistance at $62.
The bulls are already hovering around the price level. If the LTC price breaks that level, the cryptocurrency will reach the high of $75. However, if the bulls fail to break the $62 price level, the LTC price will fall back to the range bound zone. However, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing.
LTCUSD Short-term Trend: Bullish
On the 4-hour chart, the LTC price is in a bullish trend. The price of Litecoin is making the second attempt to break the $62 price level after the first attempt was unsuccessful. Meanwhile, the Relative Strength Index period 14 is level 41 which indicates that price is in the range bound zone.
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