LTC/USD Long-term Trend: Bearish Supply Zones: $100, $105, $110
Demand Zones: $90. $85, $80 The price of Litecoin is in a bearish trend.
The asset had a similar behavior with other cryptocurrencies. Price of Litecoin was trading at $125.43 at the beginning of June 2018.
But it fell to its low at $95.77 as at the time of writing. Traders should look for buy setups at the support level of $90 to initiate long trades, if the bearish pressure is over.
Price of the asset is currently trading at above the $95 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
In addition, the 12-day EMA and the 26-day EMA are neither above nor below the price of the asset. Incidentally, this is a neutral signal. Read more from bitcoinexchangeguide.com…
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