Home Litecoin Litecoin (LTC) Daily Price Forecast – March 14 – Bitcoin Exchange Guide

Litecoin (LTC) Daily Price Forecast – March 14 – Bitcoin Exchange Guide

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  • The LTC price is trading below the EMAs at $130.88 as at the time of writing.
  • If the bulls fail to break above the EMAs, the crypto will continue its range bound movement.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 13, the price of Litecoin was in a sideways trend zone. In the previous day, the LTC price fell to its low at $53.75 and commenced a bullish movement which broke the 12-day EMA and the 26-day EMA. The crypto’s price reached a high of $58 and commenced a range bound movement. The bears pulled back price to the bearish trend zone and commence another range bound movement.

On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $60 resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto will continue 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 below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On March 13, the bears had an upper hand over the bears. On the same date, the bears initially broke the 12-day EMA and the 26-day EMA but the bulls pulled back price above the EMAs.

There was a bearish pin bar that indicated rejection of the bullish trend which brought price back to the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish 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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