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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21
Yesterday, December 5, the price of Litecoin was in a bearish trend. Yesterday, the downward trend came after the resistance of the 12-day EMA. The price of the crypt dropped to a minimum of $ 29.58 and started a movement with a range of action. Currently, the digital currency varies between the levels of $ 28 and $ 36 and the price has reached the lowest level in the price range.
If the price reaches a minimum of $ 28, it is expected to return to the top level of the price of $ 36. However, if the bears decide to break the price level of $ 28 or the lower price range, then Litecoin will further depreciate . Meanwhile, the price of Litecoin 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 LTC / USD trend: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. On December 5, the digital currency fell to a low of $ 29.26 and began a movement related to the interval. On 6 December, the fall in prices of the crypt is underway. The price of the crypto is still below the EMA, which will result in the fall of the digital currency.
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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