LTC / USD Medium-term trend: variable
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, November 5, the price of Litecoin was in a lateral trend. The encryption was floating above the price level of $ 53 after the price was rejected at $ 54. Litecoin's price is expected to rise because the price is in an uptrend zone. Traders must keep their long trades while the price moves into the higher price range.
The price is expected at the price level $ 60 because it is the top level of the price range. Traders should exit their trades at the price level of $ 60 if they were rejected. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
Short-term trend LTC / USD: variable
In the 1 hour chart, the LTC price is in a lateral trend. 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.
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