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LTC / USD Medium-term trend: variable
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 48, $ 46, $ 44
Yesterday, October 31, the price of Litecoin was in a lateral trend. The digital currency has had a bearish trend in the last three weeks. The price of the encryption dropped to a minimum of $ 48.84 and started a movement related to the interval. On October 31, the price of Litecoin made a bullish movement and reached a maximum of $ 50. The price is higher than the 12-day exponential moving average and should increase.
Traders must start long trades at the price of $ 50 and a stop loss order below the $ 50 level. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. In addition, Litecoin's price is below 26-day EMA, which indicates that the price is in the bearish trend zone.
Short-term trend LTC / USD: variable
In the 1 hour chart, the LTC price is in a lateral trend. On October 31, the price of the crypt made a bullish movement of up to $ 50.70. The price is now higher than the 12-day EMA and the 26-day EMA indicates that the price is rising. The MACD line and the signal line are above the zero line indicating a purchase signal.
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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