Litecoin (LTC) price analysis against USD stabilised the top line of the bearish trend during trading yesterday on the interval 240 minutes due to weak bear. The digital currency has so far neutralised as a result of the lack of confirmation of the breach of the bearish trend line. That, we mentioned in the report on the 30th of this month.
Litecoin Price Analysis
The SMA 20 is neutral because of the overlap with the movement of the coded currency.
Momentum RSI 14 is still trading in a bullish trend in the formation, and this trend is weak due to the failure of the 50 point break.
Overall the trend of Litecoin is in the neutral state.
The currency against USD The bearish trend line broke through the middle of the current session on the 240-minute interval as a result of bull pressure. The digital money is trading in a bullish direction under formation supported by the breach of the bearish trend line. Also, breaching the resistance area of 1.54 $.
The simple moving average and the slow moving average are positively interspersing with their bullish signals. The indicator of the momentum of the MACD with the default settings is ascending.
It is expecting that in the event of a breach of the digital currency area of $ 1.8495 may target the region of $ 1.3538. Overall the currency is in the uptrend.