Hole Wyoming, its likely that the US dollar will continue to soften, and that should help Litecoin going forward. I think that eventually we will reach towards the 60 level, and therefore I dont have any interest in selling. See how to buy and trade Litecoin in our comprehensive guide. If we were to break down below there, that could be enough to scare a lot of money out of this market.
Litecoin 28 august
Ltcusd Short-term Trend: Bullish, litecoin Chart by Trading View, on the 4-hour chart, the LTC price is in a bullish trend. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Nevertheless, as THE price progresses the cryptocurrency may face resistance at the price. However, if the downward trend continued price of Litecoin would revisit the previous low of August.
Today, the LTC price is now in a downward trend, and the price has fallen to the low.28. The Relative Strength Index period 14 is level 39 which indicates that price has reached the oversold region suggesting bulls to take control of the market. Meanwhile, the Relative Strength Index period 14 is level 69 which indicates that the price is in the bullish trend zone. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. In the meantime, I think that people continue to buy the dips, and even though we have seen a gradual drift lower over the last couple of sessions, its likely that a lot of what we are seeing is people catching their breath after the. Ultimately, I think that the market will go looking towards the 55 level above again, which had offered so much in the way of resistance. M leading Bitcoin News source since 2012. Price of the cryptocurrency fell to the low.78. Advertise with us : Advertise. Litecoin Chart by Trading View, ltcusd Medium-term Trend: Ranging. I see the 48 level below as being supportive, so I believe that any dip that we get between here and there will offer a buying opportunity. Today, the price has broken the upper level of the range bound zone which is the 60 price.
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