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Medium-term trend LTC / USD: variable
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 22, $ 20, $ 18
Yesterday, December 11, the price of Litecoin was in a lateral trend. On 7 December, the price of the crypt fluctuated above the price level of $ 23. On the downside, the bears had attempted to break the price level of $ 23 without success.
In addition, the encrypted price was rejected yesterday and the encryption dropped to $ 23.56 and started a bullish movement. The price of the crypt may be in front of the EMA. 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. Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal.
Short-term trend LTC / USD: variable
In the 1 hour chart, the price of the crypt is in a lateral trend. The price of the crypt is still below the downtrend zone. The price of Litecoin dropped to a low of $ 23.56 and made a bullish movement, but was rejected by the 12-day EMA. Today the bulls made another attempt to break the 26-day EMA, but they resisted. The price is now falling towards the bearish trend zone.
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 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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