Litecoin price analysis; 30 April 2019

The worth of crypto is currently in a bullish pace but resistance is expected at seventy-seven dollars ($77) mark. Similarly, the worth of LTC is also facing bullish drive in both the shorter and mid-term trends. Where the levels of resistance lie on 60, 65 and 70 dollars mark while the support zones lie on 60, 50 and 40 dollars mark.

A few hours ago, the cost of LTC was experiencing a bearish pace after struggling at the 77 dollars cost mark. This sluggish pace is continued since 7th April 2019, after which bulls battled at 96 dollars price mark. A few days ago, the cost of crypto dived to a new low of 70.93 dollars. This price level is expected to continue since it was the earlier low of 11th July 2018.

Currently, the price of crypto is in a bullish momentum however the price might experience fight at 77 dollars price mark.

On the other hand, if bulls will surpass the 12-day and 26-day EMA, the opposition level at seventy-seven dollars ($77) will be surpassed inevitably. The price of crypto is expected to upsurge to re-test the eighty-four dollars ($84) resistance mark.

Litecoin price analysis; 30 April 2019 2Litecoin LTC chart created with Trading View

On the contrary, if bulls failed in surpassing the level of resistance, the price of crypto will take up again a range guaranteed drive. In the meantime, the stochastic is in the oversold region but is approximately above the 20 percent range which specifies the bullish trend of crypto and buys indicator.

On the 4-hour charts, the cost of LTC is in a bearish pace. A bearish trend-line depicting the opposition points with the pointed arrows. If the bullish candlestick surpasses, the trend-line and another candlestick close on the contrary to it then the existing bearish trend is said to be sacked.

On the other hand, if the candlestick surpasses the trend-line and reviews its origin cost level, then the breakout is fake. Presently, the bearish pace might be precisely finished. In case, if the bulls surpass the 76 dollars resistance level, the price of crypto will re-inspect the earlier highs of 84 and 96 dollars.

In the meantime, the stochastic is also in the oversold region but is approximately above the 60 percent range pointing towards the fact that crypto is in a bullish trend and a buy indicator.

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