Author Topic: Litecoin (LTC) Daily Price Forecast ? August 27  (Read 373 times)

Offline BitcoinExchangeGuide

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Litecoin (LTC) Daily Price Forecast ? August 27
« on: August 27, 2018, 09:20:51 AM »
LTC/USD Medium-term Trend: Ranging


Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50

Last week the LTC price was in a sideways trend.  The digital currency fluctuates between the resistance level at $60 and the support level at $50.  However, On August 22nd, the price of Litecoin reached the high of $59. 43 and price pullback to the low of $56. 21.  The digital currency had been ranging below and above the price $56. 21.  Today, the LTC price has no significant price movement because the market is quiet.

The price will react the same way this week until a breakout occurs.  Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal.  Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing.  The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.


LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend.  The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a trend.  The MACD line and the signal line are at par with the zero line which indicates a neutral signal.


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

Source: https://bitcoinexchangeguide. com

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Litecoin (LTC) Daily Price Forecast ? August 27
« on: August 27, 2018, 09:20:51 AM »

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