Daily (LTC) Value Forecast – March 26

  • On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level.
  • On the downside, the crypto’s price will fall if the bulls fail to break the EMAs.

LTC/USD Medium-term Trend: Bearish

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

Yesterday, March 25, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been in a bearish trend in the last three days. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell into the bearish trend zone. The crypto’s price is below the EMAs which indicate that price is likely to fall again.

However, the bulls are attempting to break the EMAs. On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On March 25, the bulls tested the $60 price level and were resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $58.12.

The bulls are making an attempt to break above the EMAs. The 12-day EMA has been broken but is yet to break the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish 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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