Litecoin (LTC) rub rov qab los ntawm qhov tsis ntev los no, kev sib ntaus sib tua $ 40 tsis kam

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LTC / USD Nqe Ntev Liaj Li Ntev: Bearish
Litecoin slumped to its low at $28 on March 12. After the breakdown, the upward move commenced immediately to a high of $40. The bulls were able to defend the $28 support level but failed to penetrate the $40 resistance. Consequent upon that LTC is trading below $40 resistance. The bulls have earlier attempted to break the resistance level but were repelled on two occasions. Litecoin will move up to $50 if the bulls break the $40 resistance level. A downward move is unlikely as the coin was earlier oversold.

LTC / USD - Daim Ntawv Qhia Txhua Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
Litecoin is above 50% range of the daily stochastic. The bulls are emerging as the coin was earlier oversold. Litecoin is in bullish momentum. The market is expected to move up to the previous highs. LTC is likely to move up if the bulls break the resistance level of the channel.

LTC / USD Txoj Kev Nraum Nruab Nrab: Hlav
On the 4 hour chart, Litecoin is in a sideways trend.
The price is fluctuating between $28 and $40. The bulls are yet to break the $40 resistance as the coin continues its range-bound movement.

LTC / USD - 4 Teev Sijhawm

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. Litecoin is at level 50 of the Relative Strength Index period 14. This indicates that the market is in equilibrium. Also, it is on par with the centerline 50.

General Outlook rau LTC
Litecoin fell to the low of $28 but it is fluctuating between $28 and $40. The upward move has not begun because of the resistance at $40. Traders are to lookout for buy setups so as to initiate long trades.

LTC Lub Npe Kev Lag Luam
Ntsuas: LTC / USD
Txim: Yuav
Tus nqi nkag: $ 38.55
Nres: $ 30.00
Lub Hom Phiaj: $ 60.00

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