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Medium-term LTC / USD trend: bullish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, January 8, the price of Litecoin was in an uptrend. The price of the crypto is higher than the 12-day EMA and the 26-day EMA, which indicates that the price of Litecoin is expected to rise. The price of the crypt is lower than the price level of $ 40. The bulls were not able to exceed the price level of $ 40.
If the bulls break the $ 40 level, the crypt will reach a maximum of $ 56 and $ 63. On the other hand, if the bears break below the EMA, the crypt will find support for the price level of $ 32. Meanwhile, the Stochastic is out of the overbought region but below the 80% range indicates that the price of Litecoin is in a bearish momentum and a sell signal. However, the MACD line and the signal line are above the zero line indicating a purchase signal.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the price of Litecoin is in an uptrend zone. The price of the crypto is higher than the 12-day EMA and the 26-day EMA which indicates that the price is expected to rise. Today, a bull has passed the 12-day EMA and has reached the $ 40 level. The Stochastic is out of the overbought region but above the 80% range, which indicates that the crypt is undergoing a decline and a sales 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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