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Medium-term LTC / USD trend: bullish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, 6 November, the price of Litecoin was in a lateral trend. The price of the crypt was higher than the price level of $ 53 after the resistance at the $ 55 level. However, the price of the crypt made a second attempt at the price level of $ 55 and was broken. Today, the digital currency has reached the highest price level and has been rejected.
The price of Litecoin was previously between the levels of $ 50 and $ 65. Traders must abandon their long operations while the crypt has failed to resume its uptrend. 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: bullish
In the 1 hour chart, the LTC price is in a lateral trend. The price is lower than the 12-day EMA and the 26-day EMA indicates that the price is approaching the bearish trend 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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