Litecoin Price Prediction – LTC/USD Faces Downtrend, Can The Bulls Break $51 Hurdle?
LTC Price Prediction – April 30
The Litecoin price managed to fend off $50 for now but the bearish signals are still very much around.
Resistance levels: $58, $60, $62
Support levels: $36, $34, $32
Today, LTC/USD is looking bearish as the price tested and printed below $50 to touch the low of $45.98 support level. The price is still trading above the 9-day and 21-day moving averages within the ascending channel. Looking at the indicators now the RSI faces down by moving below 60-level. The volume has also picked up as the selling kicked in. Therefore, $45 may now be the main level of support that needs to be watched.
Moreover, LTC/USD started with a trading price of above $49.06 and now hovering at $46.89. More so, after the price touches the high of $51.04, the bears grabbed it from there … Read more