LTC/USD: Buyers edge out sellers as market shows bullish tendencies

LTC/USD daily chart

• LTC/USD is currently priced at $46.
• LTC/USD daily market is trending above the 200-day simple moving average (SMA 200) curve
• The relative strength index(RSI) curve is trending around the neutral zone.

LTC/USD 4-hour chart

• The LTC/USD 4-hour chart’s moving average convergence/divergence (MACD) histogram shows growing bullish momentum.

LTC/USD hourly chart

• The 20-day Bollinger band shows that the last two sessions are trending below the SMA 20 curve. This indicates bearish behavior.
• The SMA 20 curve had already crossed over the SMA 50 curve which indicates a buy signal.

Key Levels

• Resistance 3: $49.1314
• Resistance 2: $47.4334
• Resistance 1: $46.4136
• Pivot Point: $44.7156
• Support 1: $43.6958
• Support 2: $41.9978
• Support 3: $40.9779