Daily (LTC) Value Forecast – April 22

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  • On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level.
  • If the bearish pressure continues the crypto’s price will fall to the low at $60.

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Last week the price of Litecoin had been on a downward trend. The crypto’s price had fallen to the resistance levels of $96, $92, $84 and $82. On April 19, the bulls failed again to break the $82 resistance level as the crypto’s price fell and broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low at $$75.95 to commence a range bound movement. The crypto’s price fell to the previous low of April 11.

On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level. However, if the bearish pressure continues the crypto’s price will fall to the low at $60. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the 12-day EMA and the 26-day EMA were trending horizontally at the $82 resistance level. The bears broke the resistance level as the price fell to a low at $75.75.

The crypto’s price made a bullish movement to the EMAs but was resisted at the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish 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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