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LTC / USD medium-term trend: bearish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, December 24th, the price of Litecoin was in an uptrend. The price of the crypt reached a maximum of $ 37.22 but, due to the resistance at $ 35, the crypt fell to a low of $ 33.33. Today, the price of the crypt is decreasing and approaching the price level of $ 30.
On the negative side, if the price level of $ 30 has been interrupted again, the price of the crypto will fall to the previous minimum of $ 24. Meanwhile, the price of the crypto is lower than the 12 day EMA and the 39; 26-day EMA indicates that the price is likely to decline. 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 Litecoin is in a downward trend. The price of the crypt broke the 12-day EMA and the 26-day EMA on the downside. The crypt is in the bearish trend zone and tends to depreciate further.
Meanwhile, the stochastic indicator is out of the oversold region over 20%, which indicates that Litecoin has a bullish moment and a buy signal. Cryptography will continue to be bearish if the stochastic bands remain in the oversold region.
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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