LTC / USD medium-term trend: bearish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, December 25, the price of Litecoin was in a bearish trend. On December 25th, the price of Litecoin fell to the minimum level of $ 30 and began a movement linked to the interval above that level. The price of the crypt is attempting to break the 12-day EMA and the 26-day EMA on the upside. If the EMA breaks, the price will be in the uptrend zone.
Similarly, the stochastic is outside the oversold region but below 80%. This implies that the crypt is in a bearish momentum and a sales signal. 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 Litecoin is in a downward trend. The price of the crypt was already in the bearish trend zone, but the price tested the price of $ 33 and was rejected. If the bulls continue to hold above the price level of $ 30, the crypt should rise and reach the maximum level of $ 35. On the other hand, if the price of the crypt breaks below the price level of $ 30 , the crypt will begin its downward trend.
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