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LTC / USD medium-term trend: bearish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 25, $ 23, $ 21
Last week the price of Litecoin was in bearish trend. On December 3, the 12-day EMA resisted the price of the crypto and fell to a low of $ 23.15 and started a movement with a range of action. While in a variable-radius movement, the price of the crypt had not been able to break the 12-day EMA and the 26-day EMA on the upside.
Meanwhile, the price of the crypt is lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to decline. The indicators disagree on the MACD line and the signal line is above the zero line indicating a purchase signal. The stochastic is less than 40%, which indicates that the price has a bearish momentum and a sell signal.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. As the price of cryptography fell to a minimum of $ 23.15, it began a movement linked to the interval above and below the 12-day EMA and the 26-day EMA indicating a trend lateral.
Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the downtrend 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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