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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Last week the price of Litecoin was in an uptrend. The digital currency reached a maximum of $ 56.65 in an uptrend. Currently, cryptography was between $ 50 and $ 60 levels. On November 7, the crypto price faced resistance at $ 56.95 and fell in a downward trend. Today, the price of Litecoin broke the lowest level in the price range and started a bullish movement.
Traders must start long trades at the lower end of the price range in response to the 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 price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the uptrend 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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