Author Topic: Litecoin Price Prediction: Long-term (LTC) Value Forecast ? June 1  (Read 770 times)

Offline BitcoinExchangeGuide

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LTC/USD Long-term Trend: Bullish

?   Resistance Levels: $105, $110, $115
?   Support levels: $100, $90, $80

The LTC/USD pair is in the bullish trend zone.  On April 3, the LTC market had been trading below the $100 resistance level before it was broken.  During the month of April, the LTC market fell to a low at $70 support level.  In the month of May, the bulls made an upward move and tested the $100 resistance twice before breaking it.

On May 24, the bulls broke the $100 resistance level to reach a high of $120 price level.  The bulls were resisted at the $120 price level and price retraced to the support of the 12-day EMA.  On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level.  Meanwhile, the coin has an opening balance of $78 in the month of May 2019.  The crypto has a closing price of $114 as at May 31.  This indicates that the LTC market appreciated by 46% of its capitalization in the month of May 2019.  Meanwhile, the MACD line and the signal line are above the zero line which indicates 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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