LTC / USD medium-term trend: variable
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, December 26, the price of Litecoin was in a lateral trend. In the last 24 hours there has not been a significant price movement since the price ranges are above the price level of $ 30. The price of the crypto is lower than the 12-day EMA and the 26-day EMA. which indicates that the price is in the bearish trend zone.
Because encryption exceeds the price level of $ 30, there is a likelihood of price rupture. If the price of the crypt breaks below the price level of $ 30, the price of Litecoin will find support at the price level of $ 24. On the other hand, if the price breaks, the crypt will reach the maximum of $ 37. Meanwhile, the stochastic indicator outside the oversold region above the 20% range indicates that Litecoin has a bullish moment and a buy 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 is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in a bearish trend zone. The crypt has a tendency to fall. Similarly, the stochastic indicator was outside the overbought region and is below 20%, indicating that the crypt has a bullish moment and a buy signal.
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