Litecoin Price Analysis – June 14

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

Litecoin, LTCUSD, CryptoCompare chart

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.

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