- The bears are still in control as the price nosedive to a low at $103 price level.
- On the upside, if the $103 price level is held, the bulls will attempt to break the EMAs to reach the bullish trend zone.
LTC/USD Medium-term Trend: Bearish
- Resistance Levels: $140, $150, $160
- Support levels: $100, $90, $80
Yesterday, July 9, the price of Litecoin was in a bearish trend as the bears break below the 12-day EMA and the 26-day EMA. In retrospect, on June 23, the crypto’s price was resisted as a result of the bull’s inability to break the $140 overhead resistance level. The bears are still in control as the price nosedive to a low at $103 price level.
This was the previous low of June 4, where the LTC price made an upward move to retest the $140 price level. On the upside, if the $103 price level is held, the bulls will attempt to break the EMAs to reach the bullish trend zone. On the downside, if the bearish pressures continue, the LTC price will further depreciate to a low at $88. The MACD line and the signal line are above the zero line which indicates a buy signal.
LTC/USD Short-term Trend: Bearish
On the 1-hour chart, the LTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southwardly. The LTC market was ranging below the $122 price level. On July 10, the bears broke the 12-day EMA and the 26-day EMA The MACD line and the signal line is below the zero line which indicates a sell signal.
Litecoin’s price is $101.79 LTC/USD exchange rate today. The real-time LTC market cap of $6.37 Billion currently ranks #4 with , daily trading volume of $1.53 Billion and live coin value change of LTC -5.85 in the last 24 hours.
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