LTCUSD Medium-term Trend: Bearish
Resistance Levels: $98, $99, $100
Support Levels: $96, $95, $94
Yesterday, June 13, the Litecoin price fell to as low as $91.06, while in a downtrend. Thereafter, the asset made a bullish movement northward, trading above the $95 price level. The weekly chart shows that the MACD line and the signal line are below the zero line indicating a sell signal. Also, the 12-day EMA and the 26-day EMA are neither above nor below the Litecoin price.
The indicator has a neutral signal in regards to the continuity of the bearish pressure. But from the price action, Litecoin is rising.
LTCUSD Short-term Trend: Bullish
The daily chart shows that the Litecoin price is in a bullish trend. The asset rose from $90 to $97 in a smooth uptrend. Litecoin is making a series of higher highs and higher lows. A bullish trend line is drawn showing the support levels where you can take long trades. The support levels are the retracement of price in a bullish market.
Meanwhile, the MACD line and the signal line are above the zero line indicating a bullish signal. In addition, the Litecoin price is above the exponential moving averages indicating that the bullish trend is ongoing.
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