Author Topic: Litecoin (LTC) Long Term Price Forecast  (Read 448 times)

Offline BitcoinExchangeGuide

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Litecoin (LTC) Long Term Price Forecast
« on: October 29, 2018, 09:25:44 AM »
LTC/USD Long-term Trend: Bearish

Resistance Levels: $60, $70, $80
Support levels: $50, $40, $30

The LTC/USD pair had been bearish in the month of October 2018.  On October 1, the LTC price has an opening balance of $60. 40.  The crypto's price faces resistance at the $60 price level. 

On October 9, the price of Litecoin was resisted at the price of $59. 99 and it fell to a low of $52. 65.  On October 15, the price of Litecoin reached the high of $62. 06 but pulled back to the low of $55. 87.  The price continued its fall to the low of $53. 26 and commenced a range bound movement up till date.

On the upside, the $60 price level has to be broken for Litecoin to resume its uptrend.  Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.  The MACD line and the signal line are below the zero line which indicates a sell 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) Long Term Price Forecast
« on: October 29, 2018, 09:25:44 AM »

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