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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, November 14th, the price of Litecoin was in a lateral trend. The price of the crypto was higher than the price level of $ 51 when the digital currency met a bearish breakout. The price of the crypt broke the lowest level in the price range and is approaching the price level of $ 43. The crypt has reached the oversold region of the market.
Traders should look for purchase configurations and make sure the price level of $ 43 is valid. Therefore long negotiations should be initiated at the current market price. 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 crypt fell to a minimum of $ 44 and subsequently started a movement with a range of action. 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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