Litecoin (LTC) Daily Price Forecast – January 9

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 8, the price of Litecoin was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price of Litecoin is  likely to rise. The crypto’s price is ranging below the $40 price level. The bulls have not been able to break above the $40 price level.

If the bulls break the $40 price level, the crypto will reach the highs of $56 and $63. On the other hand, if the bears break below the EMAs the crypto will find support at the $32 price level. Meanwhile, the stochastic is out of the overbought region but below the 80% range indicating that the price of Litecoin is in a bearish momentum and a sell signal. However, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend zone. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Today, a bulls have broken above the 12-day EMA and have reached the $40 price level. The stochastic is out of the overbought region but above the 80 % range which indicates that the crypto is in bearish momentum and 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.

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