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/ Ultima / 2018/11 / litecoin-LTC-price-analysis-November-6-1 /
Price analysis of Litecoin (LTC) – 6 November
litecoin LTC-money-analysis-November-6-1
- The price of Litecoin is likely to withstand the price of $ 55
- The price of the crypt is expected to reach a maximum of $ 62 and $ 65.
Litecoin chart according to Trading View
LTCUSD Medium-term trend: bullish
Strength levels: $ 65, $ 67, $ 69
Support levels: $ 50, $ 48, $ 46
Yesterday, the price of Litecoin was in a bearish trend. On November 4, the bulls reached the maximum of $ 56,36 and they resisted. The cryptocurrency has faced resistance at the price of $ 55. If the bulls cancel the resistance at $ 55, the price of Litecoin will reach the upper level of the price range. The LTC is currently between the levels of $ 50 and $ 65.
Meanwhile, the crypto price is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The Stochastic is at a rate of 60 and approaches 80. It indicates a purchase signal and the rate of the price is rising to the upside.
LTCUSD Short-term trend: bullish
Litecoin chart according to Trading View
On the short-term trend, the price of Litecoin is in an uptrend. On November 5, a bear candlestick was rejected for $ 55.11 and touched a range range movement. The price level of $ 55 is likely to be broken. The period 14 of the relative resistance index is level 70 which indicates that the price is in the uptrend zone.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
