Litecoin (LTC) Daily Price Forecast – December 18th

Medium-term LTC / USD trend: bullish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 22, $ 20, $ 18

Yesterday, December 17, the price of Litecoin was in an uptrend. The price of Litecoin was traded in the bearish trend zone before the result of the bullish breakout. On December 16th, the price of the crypt broke the 12-day EMA, the 26-day EMA and began its upward movement above the EMA.

The price of the crypt is higher than the EMA and has reached the maximum of $ 31.385. The bulls could not push the price further because of price resistance of $ 32. Meanwhile, the price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price It is destined to rise. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.

Short-term trend LTC / USD: bullish

On the 1 hour chart, the price of Litecoin was in an uptrend. The price of the crypt is in an upward trend. The price of Litecoin is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are all facing north.

If the price level of $ 30 holds traders should start long trades at the price of $ 30. Meanwhile, the Litecoin price is higher than the 12-day EMA and the 26-day EMA indicates that the price is expected to go up. The MACD line and the signal line are above the zero line indicating a purchase signal.

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