Long-term (LTC) Value Forecast – April 6

  • The LTC price is trading at $88.85 as at the time of writing.
  • On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend and the pair had a price breakout. Last month, the price of Litecoin traded between the levels of $46 and $62. The crypto’s price was facing resistance at the $62 price level. It was earlier suggested that if the bulls broke the $62 resistance level, the crypto’s price would reach the highs of $70 and $80. On April 2, the crypto’s price had a price breakout that broke the $62 resistance level. The LTC price is trading at $88.85 as at the time of writing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price is likely to rise.

On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100. 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 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish 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.

Cryptocurrency Prices: Live Real-Time Coin Market Cap Values

 

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Your email address will not be published.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.