Litecoin (LTC) Daily Price Forecast – 2 November

Litecoin (LTC) Cryptocurrency is 7 years old that dates back to the creation of the Genesis block

Medium-term LTC / USD trend: bullish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46

Yesterday, November 1, the price of Litecoin was in a lateral trend. The price of the crypt was fluctuating above the price level of $ 48 and was in the uptrend zone. The price of Litecoin has been on a bullish trend since yesterday. It exceeded the price level of $ 50, which was the lowest price range. Traders should continue with their long negotiations.

It is expected that the price of Litecoin will increase, but will face resistance at the level of $ 52. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is more than 12 days EMA EMA at 26 days which indicates that the price is in the uptrend zone.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the LTC price is in an uptrend. The price of Litecoin is making a series of highs and lows. The price is now higher than the 12-day EMA and the 26-day EMA indicates that the price is in an 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 and do not constitute financial advice. Always do your research.

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