LTC/USD Medium-term Development: Ranging
Resistance Ranges: $100, $102, $104
Assist Ranges:$96, $94, $92
Yesterday, June 18, the worth of Litecoin had a bullish motion. The asset rose to the excessive of $100 and was resisted by the bears. The value of Litecoin touched the higher band of the Bollinger bands and it fell. The asset fell again to its vary certain zone. The range-bound zone was created since June 13 when the asset fell to the low of $90. The asset ranges between the degrees of $90 and $100.
In the meantime, the MACD line and the sign line are neither above nor beneath the zero line indicating a impartial sign. Additionally, the 12-day EMA and 26-day EMA are neither above nor beneath the worth of the asset indicating a impartial sign. The relative energy index interval 14 is degree 51 signifies that worth is within the vary certain zone.
LTC/USD Quick-term Development: Bullish
On the 1-hour chart, the worth of Litecoin is in a bullish pattern. From the chart, the MACD line and the sign line are above the zero line indicating a purchase sign. Additionally, worth of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish pattern is ongoing.
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