LTC / USD medium-term trend: variable
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Last week the price of Litecoin was in bearish trend. On December 29th, the price of the crypt fell to a minimum of $ 31.90. The 26-day EMA worked as a support level when the price started to fluctuate above it. Today, the price of the crypto is breaking the EMA at 12 days and the EMA at 26 days on the downside because the price will probably resume the downward trend. If the price of the crypt breaks below the EMA and the price level of $ 30, the price of the crypto will fall to the previous minimum of $ 28. The Stochastic lies outside the oversold region but above 20 % indicates that Litecoin has a bullish moment.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the price of Litecoin is in a downward trend. Last week the price of Litecoin was oscillating below and above the 12-day EMA and the 26-day EMA indicating a lateral trend. Today bears have broken the 12-day EMA and the 26-day EMA and the price is in the bearish trend zone. The MACD line and the signal line are below the zero line indicating a sales signal.
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