Litecoin Price Prediction Today: Daily (LTC) Value Forecast – June 27
LTC/USD
Medium-term Trend: Bullish
·
Resistance Levels: $140, $150, $160
·
Support levels: $120, $110, $100
Yesterday, June 26, the LTC price
was falling as the bulls fail to break the $140 overhead resistance level. The
bulls have failed to break the $140 overhead resistance since June 11. On June
22, the bulls made their final attempt to break the $140 price level but were
resisted. The bears have broken below the 12-day EMA and the 26-day EMAs which
suggest that there is a likelihood of price continuous fall.
From the Fibonacci tool, the
LTC price has broken the 0.236 and it is approaching the 0.382 Fib. retracement
level. On the downside, if the bears break the 0.382 Fib, retracement level,
the LTC price will be in the downtrend zone, trading at the $100, or $110
support level. The MACD line and the signal line are above the zero line which
indicates a buy signal.
LTC/USD Short-term Trend: Bearish
On the
1-hour chart, the LTC price is in a bearish trend. On June 25 and 26, the bulls
were resisted at the $137 resistance zone. The crypto’s price fell to a low at
$115 as the bulls pulled back price to the EMAs. The price of Litecoin
may further depreciate as price is below the EMAs. 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.
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