Litecoin (LTC) Daily Price Forecast – December 11th

LTC / USD medium-term trend: bearish

• Strength levels: $ 66, $ 68, $ 70
• Support levels: $ 25, $ 23, $ 21

Yesterday, December 10, the price of Litecoin was in a bearish trend. On 9 December, the price of the crypt broke the 12-day EMA in an uptrend, but as the price was rejected at the 26-day EMA, it resulted in a downtrend. The price of the crypt dropped to a minimum of $ 25.69 and started a movement tied to the interval below the EMA.

Because the price varies, a price breaks in is imminent. However, if the bears break the price level of $ 24, the price of Litecoin will resume its downward trend. But if the bulls take control of the price, they will have to face the resistance to the price level of $ 26. Meanwhile, the price of the crypt is lower than the 12-day EMA and the 26-day EMA indicates that the price is destined to decrease. 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. Since December 9th, the price of cryptography has broken the 12-day EMA and the 26-day EMA and the price has fallen in the bearish trend zone. The 12-day EMA now served as a resistance to the price of the crypt.

The price of the crypt has not been able to break the EMA. Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the downtrend zone. The MACD line and the signal line are below the zero line indicating a sales signal.

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