Author Topic: Litecoin (LTC) Long Term Price Forecast – January 12  (Read 156 times)

Offline BitcoinExchangeGuide

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Litecoin (LTC) Long Term Price Forecast – January 12
« on: January 14, 2019, 07:04:25 PM »
LTC/USD Long-term Trend: Bearish

•   Resistance Levels: $60, $70, $80
•   Support levels: $30, $20, $10

The price of Litecoin had been in a bullish trend since December 16, 2018.  On January 1, the crypto’s opening price had risen to the high of $30. 99.  On January 8, the crypto’s price had reached the high of $40 but the bulls could not break the resistance at that level.  On January 10, the bears broke the 12-day EMA and the 26-day EMA to the low of $33 price level.

However, from the weekly chart or the daily chart, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.  If the bearish pressure continues, the crypto will fall to the low of $30.  However, if the bears break this level, then the crypto will find support at the $23 or $28 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.  The stochastic indicator is out of the oversold region but above the 60% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. 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 – January 12
« on: January 14, 2019, 07:04:25 PM »

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