Litecoin (LTC) Price Analysis – July 13

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Litecoin (LTC) Price Analysis – July 13

litecoin-ltc-price-analysis-july-13-1

  • Litecoin price rises as the exponential averages are below the price bars.
  • If the bears broke the support level at $74.01, the price of Litecoin would find another support at $59.43.

Litecoin Chart by Trading View

LTCUSD Medium-term Trend: Bearish

Resistance levels: $83, $85, $87                                                                                                                          

Support levels: $80, $78, $76

Last week the price of Litecoin was in a bearish trend. The cryptocurrency fell from the high of $83.40 to the low of $75.53. There was an assumption last week that if the bears broke the previous low at $74.01, the price of Litecoin would find another support at $59.43.

From the daily chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is ongoing. 

LTCUSD Short-term Trend: Bullish

800Litecoin Chart by Trading View

On the 4-hour chart, the price of Litecoin has commenced a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the price of Litecoin has risen. The relative strength index period 14 is level 70 which indicates that price is in the bullish trend zone.

 

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