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Medium-term LTC / USD trend: bullish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 22, $ 20, $ 18
Last week the price of Litecoin was in bearish trend. On December 9th the price of the crypto was trading at the price of $ 26.85. The crypto fell and broke the 12-day EMA in a downtrend at a low of $ 23.65. On December 14, the bulls took control of the price and broke the 12-day EMA, the 26-day EMA, reaching a maximum of $ 26.70.
The price of the crypt is now in the uptrend zone and goes beyond the EMA. The price has dropped below 12 days, but is on the rise. Meanwhile, the price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is expected to rise.
Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal. The stochastic indicator is in the less than 80% range, indicating that the price of Litecoin has exhausted its upward momentum and is now in a bearish trend.
Short-term trend LTC / USD: bullish
On the 1 hour chart, the price of Litecoin was in an uptrend. On December 14th, the price broke the 12-day EMA, the 26-day EMA and reached a maximum of $ 26.57. The price of the crypt is now floating above that price level. Meanwhile, the Litecoin price is higher than the 12-day EMA and the 26-day EMA indicates that the price is expected to rise. The MACD line and the signal line are below the zero line indicating 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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