LTC/USD Medium-term Trend: Bullish
- Resistance Levels: $66, $68, $70
- Support Levels: $50, $48, $46
Yesterday, April 1, the price of Litecoin was in the bearish trend zone. The bearish trend was as a result of the resistance at the $62 price level. Since on March 16, the bulls have been making concerted efforts to break the $62 resistance level but to no avail. Today, the LTC price has a price breakout and the bulls broke the $62 resistance level. On the upside, if the price is sustained above the 12-day EMA and the 26-day EMA, the crypto’s price is likely to rise. Today, LTC price is trading at $68.59 as at the time of writing.
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 EMAs which indicate that price is in the bullish trend zone.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The price fell to a low at $61 and commenced a bullish trend. The bulls has broken above the 12-day EMA and the 26-day EMA. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price 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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