LTC/USD Medium-term Pattern: Bullish
Resistance Ranges: $60, $62, $64
Assist Ranges: $56, 54, $52
Yesterday, September 20, the worth of Litecoin was in a sideways pattern. After worth fluctuations, the digital forex reached the excessive of $57.37 and was making a retracement. Please word that worth is testing the higher stage of worth vary.
If worth fails to interrupt the higher stage, the digital forex will retrace and start a variety sure motion. Merchants can provoke a brief commerce and a cease loss above the $60 worth stage. On the cheaper price stage of $50, you exit your quick commerce and earn your partial earnings.
Nonetheless, the MACD line and the sign line are above the zero line which signifies a purchase sign. As well as, the worth of Litecoin is above the 12-day EMA and the 26-day EMA which signifies bullish pattern is ongoing. The Relative Power Index interval 14 is stage 59 which signifies that worth is within the sideways pattern zone.
LTC/USD Quick-term Pattern: Bullish
On the 1-hour chart, the LTC worth is in a bullish pattern. The worth of Litecoin reached the excessive of $56.86 and commenced a variety sure motion. The worth is above the 12-day EMA and the 26-day EMA which signifies bullish pattern is ongoing. The MACD line and the sign line are above the zero line which signifies a promote sign.
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