Litecoin (LTC/USD) Price Is Hovering at an Upper Range Spot
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Litecoin Price Prediction – July 12
The LTC/USD market price is hovering at an upper-range spot. As of the moment of writing, the price trades around $48, maintaining a 0.38%.
LTC/USD Market
Key Levels:
Resistance levels: $55, $65, $75
Support levels: $40, $35, $30
LTC/USD – Daily Chart
The LTC/USD daily chart reveals the crypto economy is hovering at an upper range spot, aligning with the force around the trend line of the smaller SMA. The 50-day SMA trend line is above the 14-day SMA trend line. The upper bearish trend line drew around the smaller SMA, with the lower one keeping a space distance at a psychological support zone. The Stochastic Oscillators have crossed southbound against the 40 range, trying to reach the range point at 20.
What could be the next definite direction the LTC/USD may go soon?
The next definite direction the LTC/USD market may go soon isn’t obtainable in the near session. But, the present trading outlook suggests there can be a line of corrections play out. In light of that assumption, long-position takers needed to wait a while. On The contrary, it is one of the best trading spots investors may consider launching a buying.
On the downside of the technical analysis, the LTC/USD market bears have to maintain a downward-trending force beneath the 14-day SMA resistance value line of $53 or thereabout. Even if a reversion has to be, the gravity to the upside may lack the capacity for sustainability afterward. The lower bearish trend line projects the crypto market can decline to around the $20 support level in the long-term run below the sell signal side of the smaller SMA.
LTC/BTC Price Analysis
In comparison, Litecoin has continued to hold firmly against the trending capacity of Bitcoin. Like wisely, the cryptocurrency pair price is hovering at an upper range spot around the SMAs. The 14-day SMA indicator has sprung to conjoin with the 50-day SMA indicator. Variant candlesticks representing the trading situations have converged over the bearish trend channel trend lines drawn. The Stochastic Oscillators have moved into the oversold initially. But, they are now trying to cross back southbound at the range of 20.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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