Litecoin (LTC) Daily Price Forecast – August 15

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

Yesterday, August 14th, the LTC price was in a sideways trend. In the bearish trend, the price fell to the low of $51.05 and commenced a range bound movement. It was assumed that the cryptocurrency might fall again to its previous low at $40.10. Today, from its low, price of Litecoin has made a bullish movement to the high at $56.08. If the bulls overcome the resistance levels at $60 and $80, the cryptocurrency will reach the high of $100.

However, the price of Litecoin may likely fall if resisted at the $60 price level. From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 46 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. At a price of $50.44, the price of  the cryptocurrency had been ranged bound. However, LTC price is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

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

Be the first to comment

Leave a Reply

Your email address will not be published.


*