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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, November 12, the price of Litecoin was in a lateral trend. The price of the crypt floats above the price level of $ 50 and the price is lower than the exponential moving averages (EMA). The crypto is between the levels of $ 60 and $ 50. The digital currency has tested the lower level of the price range and is likely to change at the higher level of prices.
Traders must start long trades at the lowest price level in anticipation of an uptrend. So a stop loss should be placed below the price level of $ 50. 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 trend LTC / USD: bullish
In the 1 hour chart, the digital currency has an uptrend. The digital currency is fluctuating above the lowest level in the price range. The price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the bullish zone. 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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