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Litecoin Lengthy-Time period Value Forecast

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LTC/USD Lengthy-term Pattern: Bearish

Provide Zones: $90, $100, $110
Demand Zones: $70. $60, $50

The LTC/USD pair had been in a bearish development for the reason that month of June, 2018. The cryptoasset was valued at $125.43 as at June three, 2018, however has depreciated to the worth of $85.12 as at immediately, June 23. Because of this the worth of Litecoin has misplaced 32.13% of its worth. There are indications that worth of Litecoin might proceed its downward fall to the low of $50.

In the meantime, the MACD line and the sign line are beneath the zero line which signifies a promote sign. As well as, the 12-day EMA and the 26-day EMA are above the worth bars of  Litecoin which signifies that the bearish stress will proceed. Nonetheless, the relative power index interval 14 is degree 40 which signifies that worth of the asset is within the sideways development zone.

The views and opinions expressed right here don’t replicate that of BitcoinExchangeGuide.com and don’t represent monetary recommendation. All the time do your individual analysis.

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