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Medium-term LTC / USD trend: bullish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21
Yesterday, November 28, the price of Litecoin was in an uptrend. The price of Litecoin is now higher than the 12-day EMA and the price of 26 days indicates that the price is rising. The digital currency broke the price level of $ 35 and is fluctuating at that level. However, if the price level of $ 35 keeps traders expected to start long trades above that price level.
In addition, a stop loss order must be placed below the price level of $ 35. Meanwhile, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA indicates that the price is located in the uptrend zone. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the price of the crypt is in an uptrend. The digital currency is making a series of higher highs and higher lows. Meanwhile, 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. Traders must follow the uptrend as long as the upward trend lasts. They should allow the market to remove them from trading.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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