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Medium-term LTC / USD trend: bullish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, December 19, the price of Litecoin was in an uptrend. The price touched the maximum of $ 31.65 in an uptrend, but faced a resistance to the price of $ 32. The resulting effect was that the price fell to the 12-day EMA and has made a bullish movement.
If the price eventually breaks the 12-day EMA and the 26-day EMA, the cryptography will be in the bearish trend zone. On the other hand, the price of the crypt tends to rise if the price remains above the EMA. 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.
Short-term trend LTC / USD: variable
On the 1 hour chart, the price of Litecoin was in a downward trend. Yesterday, the price of the crypt broke the 12-day EMA and the 26-day EMA and fell in the bearish trend zone. The Stochastic indicator is now below the 40% range.
It implies that Litecoin has a bearish momentum and a sales signal. 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.
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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