[ad_1]
LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21
Yesterday, December 4, the price of Litecoin was in bearish trend. On November 25th, the digital currency dropped to a minimum of $ 28 to start a series move. Currently, the digital currency fluctuates between the levels of $ 28 and $ 36. The price of Litecoin is currently above the price level of $ 30 and is bearish.
It is likely that cryptography will fall to revisit the previous minimum of $ 28. The price will later fall from the low of $ 28. If the digital currency is in an uptrend, the price will face resistance at the $ 36 level. Meanwhile, the price of Litecoin is lower than the 12-day EMA and the 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 the crypt is in a downward trend. The price of the crypto was floating below and above the 12-day EMA and the 26-day EMA. Today, the price of the crypto was rejected by the 12-day EMA and cryptography is expected to support the $ 28 price level.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research
[ad_2]Source link
