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Litecoin (LTC) Daily Price Forecast – February 11

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LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week, the price of Litecoin was ranging above the $33 price level. On February 8, the bulls broke the EMAs as the price reached a high of $43.81. The bulls continued its bullish movement and reached a high of $47.60. The crypto’s price is retracing as it faced resistance at the $48 price level.

The LTC price is above the EMAs and has the tendency to rise if the price is sustained above the EMAs and the resistance level of $48 is broken. The LTC price is expected to reach a high of $55. 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 EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the be trearishnd zone. The crypto’s price reached a high of $44.56 and began fluctuating above the 12-day EMA and 26-day EMA. The LTC price reached a high of $48.10 and was resisted. The bears have broken the EMAs and the crypto’s price is now in the bearish trend zone.

If the crypto’s price remains in the bearish trend zone, the LTC price is likely to fall. On the other hand, if the bulls break the EMAs and reach the bullish trend zone, the bulls will retest the $48 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates 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.

Source.bitcoinexchangeguide

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Litecoin

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 43.25. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019

As part of the Litecoin course forecast, a test level of 38.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 52.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 27.50.

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be the breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below the area of ​​23.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019 implies a test level of 38.50. Further growth is expected to continue to the area above the level of 52.50. The conservative area for buying Litecoin is located area of 27.50. The cancellation of the cryptocurrency growth option will be a breakdown of the level of 23.50. In this case, we should expect the continuation of the fall.

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Litecoin

Litecoin forecast and analysis LTC/USD for 2019

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Litecoin LTC/USD traded at 41.99 and continue to move in the ascending channel. At the moment, we should expect an attempt to drop and test the support level near the 10.00 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 400.00.

Litecoin forecast and analysis LTC/USD for 2019

In support of the growth of LTC/USD quotes, a test of the support area on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the Litecoin course in 2019 will be the fall and the breakdown of the 7.50 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotations above 75.00, we should expect confirmation of the development of the upward trend in Litecoin.

Litecoin forecast and analysis LTC/USD for 2019

Litecoin forecast and analysis LTC/USD for 2019 implies an attempt to test the support area near the 10.00 level. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 400.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the 7.50 area. This will indicate a continued decline in cryptocurrency.

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Litecoin (LTC/USD) forecast and analysis on February 17, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 43.10. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on February 17, 2019

As part of the Litecoin course forecast, a test of 41.80 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 47.80. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 40.00.

Litecoin (LTC/USD) forecast and analysis on February 17, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be the breakdown of the lower limit of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotes pair below the area of ​​38.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.

Litecoin (LTC/USD) forecast and analysis on February 17, 2019implies a test level of 41.80. Further, growth is expected to continue to the region above the level of 47.80. The conservative area for buying Litecoin is located area of 40.00. The cancellation of the cryptocurrency growth option will be a breakdown of the level of 38.50. In this case, we should expect the continuation of the fall.

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