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.
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