Litecoin's Charlie Lee Announces MimbleWimble Could Be Used For LTC Confidential Transactions
  • On the downside, if price continues its fall, the crypto’s price will find support at $60 price level.
  • On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 15, the price of Litecoin was in a bearish trend. The crypto’s price had been on a downward fall after the bulls tested the $96 and $92 resistance levels. On April 14, the bulls tested the $84 resistance level and were resisted again. The price fell below the 12-day EMA and the 26-day EMA to a low at $76.76. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downside, if price continues its fall, the crypto’s price will find support at the $60 price level. On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $76.76 and commenced a bullish movement.

The crypto’s price reached the 26-day EMA and was resisted. The price is likely to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

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

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