$LTC.X

4 Okt 2017

Litecoin seems to still be struggling to break the trend line to the upside and regain much of its lost momentum. The LTC/USD exchange rate is hovering directly below the 100-day SMA on the daily chart, indicating that the current price level, while acting as a level of support, is also acting a strong level of resistance. RSI seems to slowly be gaining bullish traction. The EMA's are currently sitting at a low point on the MACD, and the 12-day successfully crossed over the 9-day around this point. If the 12-day can continue to hold strong above the 9-day, this may be indicating that Litecoin is back to its period of stability similar to its price action before its rally to $90. However, beware if LTC breaks below previous support around the $45 level. If this occurs, continued bearish action may be evident.