Litecoin (LTC) Daily Price Forecast – December 13th

LTC / USD medium-term trend: bearish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 22, $ 20, $ 18

Yesterday, December 12, the price of Litecoin was in an uptrend. Yesterday, the price of Litecoin fell to a low of $ 23.56 and started a bullish movement. The bulls broke the 12-day EMA but resisted the 26-day EMA.

The price of cryptography immediately returned to the bearish trend zone. However, if the bearish trend continues, the crypt will find support at the price level of $ 23. Meanwhile, the price of the crypt is lower than the 12 day EMA and the 26-day EMA indicates that the price it 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. On December 12th, the bulls took control of the price and break the 12-day EMA and the 26-day EMA in the uptrend zone. The bulls reached the maximum of $ 25.55, but failed to maintain their hold above that level.

Later the bears lowered the price to the previous minimum. 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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