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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, November 8, the price of Litecoin was in a bearish trend. On 7 November, the digital currency has undergone a downward trend since the price of the crypt was rejected. The price of the crypto was rejected because the price of Litecoin has resisted a price level of $ 60. A bearish trend line is designed to determine the continuity of the bearish trend.
A downward trend is ongoing until the downtrend line is broken. If the price breaks the trend line and the next candle closes above it; the bearish trend would have ended. For now, the downward trend is underway. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is less than 12 days EMA and the 26-day EMA indicating that the price is in the bearish trend zone.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the digital currency has a downward trend. The price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the bearish trend zone. The MACD line and the signal line are below the zero line indicating a sales 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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