Litecoin (LTC) Daily Price Forecast – November 28th

Medium-term LTC / USD trend: bullish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21

Yesterday, November 27, the price of Litecoin was in an uptrend. The price of the crypt interrupted the 12-day EMA, the 26-day EMA and remained on it. It is likely that the price of the crypt increases, the operators must look for purchase configurations and start long exchanges. So a stop loss order should be placed above the price level of $ 28.

Meanwhile, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the uptrend zone. Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal. However, if the bears pullback, the price of the crypt will fall below the exponential moving averages. And this will bring to the price by revisiting the previous lows.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the price of the crypt is in an uptrend. The price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the uptrend zone. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.

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