Litecoin (LTC) Price Analysis – August 23


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Litecoin (LTC) Price Analysis – August 23

litecoin-ltc-price-analysis-august-23

  •  The price of Litecoin is ranging at a price of $0.55.
  • The LTCUSD pair  was resisted at a price of $59.43 and traders were expected to initiate short trades.

Litecoin Chart by Trading View

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  

Litecoin, LTCUSD, CryptoCompare chartLitecoin Chart by Trading View

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.

 

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



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