LTC/USD Medium-term Pattern: Bearish
Resistance Ranges: $66, $68, $70
Assist Ranges: $50, $48, $46
Yesterday, October 11, the LTCUSD pair was in a bearish development. The digital foreign money fell to the decrease stage of worth vary. Nonetheless, if worth breaks the $50 worth stage, Litecoin will discover help at $48. Then again, if worth fails to interrupt the $50 worth stage, the digital foreign money will revert again to the higher stage of worth vary.
Merchants ought to look out for purchase setups in order to provoke lengthy trades in anticipation of a bullish development. These lengthy trades must be exited on the higher stage of worth vary. In the meantime, the MACD line and the sign line are beneath the zero line which signifies a promote sign. As well as, the value of Litecoin is beneath the 12-day EMA and the 26-day EMA which signifies that worth is within the bearish development.
LTC/USD Quick-term Pattern: Bullish
On the 1-hour chart, LTC worth is in a bullish development. Litecoin fell to the low the $51.09 and it’s making a bullish motion to the upside. The value of Litecoin is above the 12-day EMA and the 26-day EMA which signifies that worth is rising.
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 personal analysis.