Litecoin (LTC) Daily Price Forecast – February 27

  • The crypto’s price is still ranging below the EMAs at the price of $45.88.
  • If the bears break the $45 price level, the crypto’s price will fall to the next support level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 26, the price of Litecoin was in a sideways trend zone. The crypto’s price is still ranging and below the 12-day EMA and the 26-day EMA. On February 25, the bulls fail to break above the EMAs and were resisted. Today, the bulls are making another attempt to break the EMAs and if it does the crypto’s price will be in the bullish trend zone.

On the other hand, if the bears break the $45 price level, the crypto’s price will fall to the next support level. 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: Ranging

On the 1-hour chart, the price of Litecoin is in the sideways trend zone. Yesterday, the bulls tested the 12-day EMA and the 26-day EMA to break above it but were resisted on three occasions. If the bulls failed to break the EMAs, the crypto will continue its range bound movement. 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.

Crypto Destroyer

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.