Daily (LTC) Value Forecast – March 25

  • On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70.
  • On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a bullish trend. The LTC price had been facing the $62 resistance level. The bulls tested the $62 resistance level and fell to the support of the 12-day EMA and the 26-day EMA. On March 23, the bulls tested the $61 resistance level and the price fell below the EMAs. Today, the bulls are making another attempt at the resistance levels.

On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70. On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58. The crypto’s price is trading at $60.01 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the price of Litecoin fell to a low at $58 and commenced a bullish trend above the 12-day EMA and the 26-day EMA.

The bulls are now making an attempt at the resistance levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

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

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