Long-term (LTC) Value Forecast – March 16

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  • On March 1, the price of Litecoin has an opening balance of $45.43 but rose to a high of $60.85 as at the time of writing.
  • On the upside, if the bulls sustain the price level above the EMAs, the crypto’s price will rise to reach the highs of $70 and $80 price levels.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. On March 1, the price of Litecoin has an opening balance of $45.43 but rose to a high of $60.85 as at the time of writing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The price is attempting to break the previous resistance at $60. On the upside, if the bulls sustain the price level above the EMAs, the crypto’s price will rise to reach the highs of $70 and $80 price levels.

On the other hand, if the bears break below the EMAs, the crypto’s price will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish 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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