Litecoin (LTC) Daily Price Forecast – December 14th

LTC / USD medium-term trend: bearish

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

Yesterday, December 13, the price of Litecoin was in a bearish trend. Yesterday, the price of the crypt dropped to a low of $ 24.10 and started a bullish move towards exponential moving averages. At a price of $ 24.52, cryptography resisted the 12-day EMA and fell to $ 23.49, the previous minimum of Litecoin's price.

The cryptocurrency exceeds the price level of $ 23. There will be no commercial recommendations as the price is still in the bearish trend zone. 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. 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. The 12-day EMA and the 26-day EMA were horizontally flat. In addition, the price of Litecoin was above the price level of $ 24 when the price of the crypt broke the 12-day EMA and the 26th day on the downside.

The price of the crypt fell to a low of $ 23.39 and started a movement with a range of action. This was the previous support level of Litecoin which has been tested since 7 December. Meanwhile, the Litecoin price is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the bearish trend zone. The MACD line and the signal line are below the zero line indicating a sales signal.

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