Litecoin (LTC) Price Analysis – August 23
LTCUSD Medium-term Trend: Ranging
Resistance Levels: $60, $61, $62
Support Levels: $57, $56, $55
Yesterday, the price of Litecoin was range bound. Today, the price of Litecoin is ranging at a price of $0.55. The asset is expected to range for some days. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.
LTCUSD Short-term Trend: Ranging
On the 4-hour chart, the LTC price is range bound. The LTC price is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 45 which indicates that price is in the range bound trend zone.
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