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Thread: Litecoin (LTC) Daily Price Forecast – August 16

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    Litecoin (LTC) Daily Price Forecast – August 16

    LTC/USD Medium-term Trend: Ranging


    Resistance Levels: $58, $59, $60
    Support Levels: $54, $53, $52

    Yesterday, August 15th, the LTC price was in a bullish trend. The digital currencies rose from the low of $51.05 to the high of $58.73. However, the LTC price was resisted and the price fell to the low of $55.90. Since on August 12, the price of Litecoin has been fluctuating between the levels of $60 and $50.

    Today, the LTC price will continue its fluctuations between those levels until they are broken by price.Today, the LTC price is currently trading at $56.78 as at the time of writing. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price in the sideways trend zone.


    LTC/USD Short-term Trend: Bullish

    From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is ranging at a price of $54.88. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal.


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


    Source: https://bitcoinexchangeguide.com


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    I suggest you do not go overboard with your losses. If you have a little experience of trading. Then, you know how much a necessary evil is a stop loss.


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