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BitcoinExchangeGuide Coins Update
- Thread starter BitcoinExchangeGuide
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BitcoinExchangeGuide
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Weekly trading signals for major cryptos - JANUARY 8TH
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD continues in a range-bound market in the long-term outlook. The new year rally was shortlived as the bears stage a return as the price drops below the 10EMA. BTC/USD dropped to $3850 in the demand area on 4th January closing a bullish spinning top and an indication of bulls gradual return.
The new trading week started on a bullish note with an engulfing candle as BTC/USD rose to $4218 in the supply area on 6th January. With the stochastic oscillator signal pointing up at 51% and price above the 10-EMA, the bulls may sustain the momentum within the rage in days ahead.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bullish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The bullish exhaustion denoted by wicks on the candle at the $165.00 are signals that the bears are in for a minor retracement despite a bullish overall outlook.
The bullish spinning top that opens the trading week on 5th January after pushing ETH/USD to $165.86 in the supply area failed to sustain the bullish momentum as the bears took over the market.
The bearish momentum may increase leading to a further drop in the price of the cryptocurrency within the two EMAs before in the coming days, but the bulls will stage a comeback to attain the bulls target at $174.00 in the supply area.
For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD continues in a range-bound market in the long-term outlook. The new year rally was shortlived as the bears stage a return as the price drops below the 10EMA. BTC/USD dropped to $3850 in the demand area on 4th January closing a bullish spinning top and an indication of bulls gradual return.
The new trading week started on a bullish note with an engulfing candle as BTC/USD rose to $4218 in the supply area on 6th January. With the stochastic oscillator signal pointing up at 51% and price above the 10-EMA, the bulls may sustain the momentum within the rage in days ahead.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bullish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The bullish exhaustion denoted by wicks on the candle at the $165.00 are signals that the bears are in for a minor retracement despite a bullish overall outlook.
The bullish spinning top that opens the trading week on 5th January after pushing ETH/USD to $165.86 in the supply area failed to sustain the bullish momentum as the bears took over the market.
The bearish momentum may increase leading to a further drop in the price of the cryptocurrency within the two EMAs before in the coming days, but the bulls will stage a comeback to attain the bulls target at $174.00 in the supply area.
For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
BitcoinExchangeGuide
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Ethereum (ETH) Daily Price Forecast – January 10
ETH/USD Medium-term Trend: Ranging
• Resistance Levels: $240, $250, $280
• Support Levels: $150, $130, $110
Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.
Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
ETH/USD Short-term Trend: Ranging
On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.
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: www.bitcoinexchangeguide.com
ETH/USD Medium-term Trend: Ranging
• Resistance Levels: $240, $250, $280
• Support Levels: $150, $130, $110
Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.
Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
ETH/USD Short-term Trend: Ranging
On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.
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: www.bitcoinexchangeguide.com
BitcoinExchangeGuide
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Litecoin (LTC) Long Term Price Forecast – January 12
LTC/USD Long-term Trend: Bearish
• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10
The price of Litecoin had been in a bullish trend since December 16, 2018. On January 1, the crypto’s opening price had risen to the high of $30.99. On January 8, the crypto’s price had reached the high of $40 but the bulls could not break the resistance at that level. On January 10, the bears broke the 12-day EMA and the 26-day EMA to the low of $33 price level.
However, from the weekly chart or the daily chart, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. If the bearish pressure continues, the crypto will fall to the low of $30. However, if the bears break this level, then the crypto will find support at the $23 or $28 price level.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 60% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.
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: https://bitcoinexchangeguide.com
LTC/USD Long-term Trend: Bearish
• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10
The price of Litecoin had been in a bullish trend since December 16, 2018. On January 1, the crypto’s opening price had risen to the high of $30.99. On January 8, the crypto’s price had reached the high of $40 but the bulls could not break the resistance at that level. On January 10, the bears broke the 12-day EMA and the 26-day EMA to the low of $33 price level.
However, from the weekly chart or the daily chart, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. If the bearish pressure continues, the crypto will fall to the low of $30. However, if the bears break this level, then the crypto will find support at the $23 or $28 price level.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 60% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.
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: https://bitcoinexchangeguide.com
BitcoinExchangeGuide
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Weekly trading signals for major cryptos - JANUARY 14TH
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD remains in a range-bound market in the long-term outlook. After a push to $4218 in the supply area, the bulls lost momentum and a gradual drop in price happened until the 10th January when the bears’ takeover of the range was confirmed with a large bearish engulfing candle. BTC/USD dropped to $3686 in the supply area.
Momentum to the downside is strong as confirmed by the stochastic oscillator signal pointing down at 12% in the oversold region. BTC/USD is already down at $3850 in the demand area in the first day of the trading week as the journey toward the lower price continues.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
Several wicks of the daily candle at the $165.00 area confirmed it as a key supply area. The wicks signal to rejection for upward price movement and bullish exhaustion with the bears making an inroad to the market.
Confirmation to the bears’ full takeover of the market came with a large bearish engulfing candle on 10th January.
ETH/USD was down to $125.71 in the demand area with a break of the two EMAs. The journey to the low attained on 14th December at $83.00 in the demand area, may have started because the week opened bearish with the Ethereum already down to $117.07.
For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD remains in a range-bound market in the long-term outlook. After a push to $4218 in the supply area, the bulls lost momentum and a gradual drop in price happened until the 10th January when the bears’ takeover of the range was confirmed with a large bearish engulfing candle. BTC/USD dropped to $3686 in the supply area.
Momentum to the downside is strong as confirmed by the stochastic oscillator signal pointing down at 12% in the oversold region. BTC/USD is already down at $3850 in the demand area in the first day of the trading week as the journey toward the lower price continues.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
Several wicks of the daily candle at the $165.00 area confirmed it as a key supply area. The wicks signal to rejection for upward price movement and bullish exhaustion with the bears making an inroad to the market.
Confirmation to the bears’ full takeover of the market came with a large bearish engulfing candle on 10th January.
ETH/USD was down to $125.71 in the demand area with a break of the two EMAs. The journey to the low attained on 14th December at $83.00 in the demand area, may have started because the week opened bearish with the Ethereum already down to $117.07.
For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
BitcoinExchangeGuide
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Bitcoin (BTC) Long Term Price Forecast- January 19
BTC/USD Long-term Trend: Bearish
• Resistance levels: $7,200, $7,400, $7,600
• Support levels: $3,700, $3,600, $3,500
The BTC/USD pair is now in a bearish trend zone. On December 14, the BTC price reached its low at the $3,200 price level. On December 24, the crypto traded and reached the high of $4,400 price level. The price of Bitcoin had been range bound between the levels of $3,200 and $4,400 in the last one month. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. The BTC price is currently trading above the $3,700 price level.
Nevertheless, if the bears break below the $3,500 price level, the crypto is likely to find support at the $3,200 price level. On the upside, the bulls will first break the 12-day EMA and the 26-day EMA to resume its uptrend movement. Meanwhile, the stochastic is in the oversold region but above the 60% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
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: https://bitcoinexchangeguide.com
BTC/USD Long-term Trend: Bearish
• Resistance levels: $7,200, $7,400, $7,600
• Support levels: $3,700, $3,600, $3,500
The BTC/USD pair is now in a bearish trend zone. On December 14, the BTC price reached its low at the $3,200 price level. On December 24, the crypto traded and reached the high of $4,400 price level. The price of Bitcoin had been range bound between the levels of $3,200 and $4,400 in the last one month. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. The BTC price is currently trading above the $3,700 price level.
Nevertheless, if the bears break below the $3,500 price level, the crypto is likely to find support at the $3,200 price level. On the upside, the bulls will first break the 12-day EMA and the 26-day EMA to resume its uptrend movement. Meanwhile, the stochastic is in the oversold region but above the 60% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
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: https://bitcoinexchangeguide.com
BitcoinExchangeGuide
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Weekly trading signals for major cryptos - JANUARY 21TH
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD continues in a range-bound market in the long-term outlook. The bears had a momentary hold of the range as BTC/USD made a low of $3570 while the bulls took the cryptocurrency initially to a high of $3799 and later to $3882 as the week ended on19th January.
Momentum to the downside remains strong. With the price below the 10-EMA and the stochastic oscillator in the oversold region and its signal pointing down at 14 %. The new trading week started on a bearish note with BTC/USD opened at $3762. The lower demand area of the range may be tested as the bearish momentum increase.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The head and shoulder pattern is the cryptocurrency structure in the long-term outlook. The bulls attempt continue the journey up north at $134.50 in the supply area was rejected by the 10-EMA on 14th January.
The formation of a bearish railroad on 15th January was an indication of the bears taken over of the market. Increased momentum led to a drop in ETH/USD to $107.51 in the demand area.
The price is below the EMAs crossover and the stochastic oscillator is in the oversold region at 16% an indication of downward momentum in price as the right leg of pattern forms in the week ahead.
For more signals: https://www.cryptocomparer.com/news...-ltc-weekly-trading-signals-for-january-21st/
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD continues in a range-bound market in the long-term outlook. The bears had a momentary hold of the range as BTC/USD made a low of $3570 while the bulls took the cryptocurrency initially to a high of $3799 and later to $3882 as the week ended on19th January.
Momentum to the downside remains strong. With the price below the 10-EMA and the stochastic oscillator in the oversold region and its signal pointing down at 14 %. The new trading week started on a bearish note with BTC/USD opened at $3762. The lower demand area of the range may be tested as the bearish momentum increase.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The head and shoulder pattern is the cryptocurrency structure in the long-term outlook. The bulls attempt continue the journey up north at $134.50 in the supply area was rejected by the 10-EMA on 14th January.
The formation of a bearish railroad on 15th January was an indication of the bears taken over of the market. Increased momentum led to a drop in ETH/USD to $107.51 in the demand area.
The price is below the EMAs crossover and the stochastic oscillator is in the oversold region at 16% an indication of downward momentum in price as the right leg of pattern forms in the week ahead.
For more signals: https://www.cryptocomparer.com/news...-ltc-weekly-trading-signals-for-january-21st/
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BitcoinExchangeGuide
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Ethereum (ETH) Long Term Price Forecast- January 26
ETH/USD Long-term Trend: Bearish
• Resistance Levels: $350, $360, $370
• Support Levels: $110, $100, $90
The ETH/USD pair is currently in the bearish trend zone. The ETH price has an opening balance of $136 in the month of January 2019. The crypto was in a bullish trend as it reached the high of $165.86. However, the ETH price fell because of the resistance at $162. On January 10, the bears completed the bearish movement as the 12-day EMA and the 26-day EMA were broken and the price fell to the low of $129.50.
On January 13, the crypto depreciated further to the low of $117.94. Today, the crypto is presently ranging below the EMAs. The crypto is currently trading at $117.41 as at the time of writing. On the downside, the crypto cannot rise above the $120 price level. On the upside, the bulls have to break the EMAs and the price sustained to reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. 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: www.bitcoinexchangeguide.com
ETH/USD Long-term Trend: Bearish
• Resistance Levels: $350, $360, $370
• Support Levels: $110, $100, $90
The ETH/USD pair is currently in the bearish trend zone. The ETH price has an opening balance of $136 in the month of January 2019. The crypto was in a bullish trend as it reached the high of $165.86. However, the ETH price fell because of the resistance at $162. On January 10, the bears completed the bearish movement as the 12-day EMA and the 26-day EMA were broken and the price fell to the low of $129.50.
On January 13, the crypto depreciated further to the low of $117.94. Today, the crypto is presently ranging below the EMAs. The crypto is currently trading at $117.41 as at the time of writing. On the downside, the crypto cannot rise above the $120 price level. On the upside, the bulls have to break the EMAs and the price sustained to reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. 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: www.bitcoinexchangeguide.com
BitcoinExchangeGuide
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Weekly trading signals for major cryptos - JANUARY 28TH
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD remains in a range-bound market in the long-term outlook. $3462 in the demand area was the low of the week attained on 22nd January while $3570 in the supply area was the high of the week. This was attained on 26th January.
With the new trading week starting as a hammer, it suggests a possible trend reversal within the range and the bulls are staging a return.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur so patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The bearish pressure remains strong as momentum for the journey down south is building up. The ending week saw Ethereum down to $107.51 in the demand area on 20th January. Although the bulls attempt to push the price back up, it was rejected at the 10-EMA area.
Exhaustion to the bullish momentum was seen as the new week began with ETH/USD briefly up at $122.00 in the supply area but ended the day a gravestone doji on 26th January, an indication of further strong bearish pressure.
The price is still below the EMAs crossover and already down to $112.16 in the demand area. The stochastic oscillator signal points down at 26%. This suggests a downward momentum in price. $85.75 in the demand area is the bears’ target in the long-term.
For more signals: https://www.cryptocomparer.com/
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD remains in a range-bound market in the long-term outlook. $3462 in the demand area was the low of the week attained on 22nd January while $3570 in the supply area was the high of the week. This was attained on 26th January.
With the new trading week starting as a hammer, it suggests a possible trend reversal within the range and the bulls are staging a return.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur so patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant trend: Bearish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The bearish pressure remains strong as momentum for the journey down south is building up. The ending week saw Ethereum down to $107.51 in the demand area on 20th January. Although the bulls attempt to push the price back up, it was rejected at the 10-EMA area.
Exhaustion to the bullish momentum was seen as the new week began with ETH/USD briefly up at $122.00 in the supply area but ended the day a gravestone doji on 26th January, an indication of further strong bearish pressure.
The price is still below the EMAs crossover and already down to $112.16 in the demand area. The stochastic oscillator signal points down at 26%. This suggests a downward momentum in price. $85.75 in the demand area is the bears’ target in the long-term.
For more signals: https://www.cryptocomparer.com/
BitcoinExchangeGuide
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Litecoin (LTC) Long Term Price Forecast – February 2
LTC/USD Long-term Trend: Ranging
• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10
The price of Litecoin is currently in a sideways trend zone. On January 1, the crypto has an opening balance of $30.99 but with a closing price of $32.03. The price of Litecoin has appreciated by 3.35% of its capitalization.
On January 6, the bulls took price to the high of $42.22 but it faced resistance at the $40 price level. The bears sink the crypto to the low of $32.47. Nevertheless, the price of Litecoin is fluctuating below and above the EMAs at the $32 price level.
Today, the crypto’s price is in a bullish trend and it is trading at $33.64 as at the time of writing. 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 12-day EMA and the 26-day EMA which indicates that the crypto 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: https://bitcoinexchangeguide.com
LTC/USD Long-term Trend: Ranging
• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10
The price of Litecoin is currently in a sideways trend zone. On January 1, the crypto has an opening balance of $30.99 but with a closing price of $32.03. The price of Litecoin has appreciated by 3.35% of its capitalization.
On January 6, the bulls took price to the high of $42.22 but it faced resistance at the $40 price level. The bears sink the crypto to the low of $32.47. Nevertheless, the price of Litecoin is fluctuating below and above the EMAs at the $32 price level.
Today, the crypto’s price is in a bullish trend and it is trading at $33.64 as at the time of writing. 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 12-day EMA and the 26-day EMA which indicates that the crypto 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: https://bitcoinexchangeguide.com
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