Litecoin Price Analysis – June 15

LTCUSD Medium-term Trend: Bullish

Resistance: $98, $99, $100

Support: $96, $95, $94

Yesterday, June 14, the price of Litecoin fell and ended its downward trend at $91.06. Later on, it had a bullish movement that took its price to a high of $101.60. From the weekly chart, the asset is currently trading above the $95 price level. Nevertheless, the MACD and the signal lines are above the zero line, which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that a bullish run is ongoing.

LTCUSD Short-term Trend: Bearish

Litecoin, LTCUSD, CryptoCompare chart

On the daily chart, Litecoin is in a bearish trend. The asset had a bullish movement from $94 to a high of $102 and afterwards entered a range bound movement. Meanwhile, in the short trend, the MACD and the signal lines are below the zero line, indicating a sell signal.

The 12-day EMA and the 26-day EMA are neither above nor below the price of the asset. This is a neutral signal because in a lower time frame the market is partly in a downtrend and ranging.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

Crypto Destroyer

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