LTCUSD price is moving in a steady solid and serious channel with the lower line and upper line already touched several times which are good support and resistance levels.
LTCUSD Price Analysis: 4 Hr Chart
LTCUSD has shown some good volume and momentum this can indicate another touch of the higher line before showing more action in the levels. For now, LTCUSD is trading below the 55 and 20 EMA which is more bearish but when LTCUSD comes above the EMAs it can confirm to bullish.
RSI bounced at the oversold condition which can show an increase the next times to higher levels. Furthermore, the MACD showed a bullish crossover which can show in a price increase.
The outcome of the channel will be indispensable and show the final direction.
- TREND: Sideway
- EXPECTATION: Test of channel higher line
- TREND AFTER EXPECTATION: Confirmation either bullish or bearish
- PREV: 43.123
- OPEN: 43.126
- VOLUME: 3.193K
- DAY’S RANGE: 42.461 — 43.156
Thanks!
advertisement
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
