LTCUSD Medium-term Trend: Ranging
Resistance Levels: $101, $102, $103
Support Levels: $99, $98, $97
Yesterday, June 19, the Litecoin price is still in a range-bound movement. It traded and closed at $97.44. The asset was still depreciating in value at the time of writing. Just like the other assets, the price fluctuates between $100 and $90. Nevertheless, from the chart, the MACD line and the signal line are below the zero line, which indicates a sell signal.
In addition, the 12-day EMA and the 26-day EMA are above the asset price, indicating that the bearish trend is ongoing. If the price falls, it will find support at $90.
LTCUSD Short-term Trend: Ranging
The daily chart shows that the Litecoin price is in a downward trend. The asset fell from $101 to $96 and then started a range-bound movement. The relative strength index period 14 is level 34, indicating that the market is oversold and suggesting that the bulls will take control of the market. Traders should look out for a buy setup, for a possible bullish breakout.
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