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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 40, $ 38, $ 36
Yesterday, November 15, the price of Litecoin was in a lateral trend. The price of the encryption dropped to a minimum of $ 43.59 and started a movement with an action radius. The price of Litecoin is still lower than the 12-day EMA and the 26-day EMA, which means that the price should fall. The digital currency was previously between the levels of $ 50 and $ 60.
The lower level of the price range has been discontinued, ie the price level of $ 50. Currently, the crypto is in the oversold market region. Traders must look for purchase configurations to start long trades in anticipation of an uptrend. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 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 digital currency has a lateral tendency. The price of the crypt is neither lower nor higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the lateral 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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