Litecoin (LTC) Daily Price Forecast – December 7th

LTC / USD medium-term trend: bearish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21

Yesterday, December 6, the price of Litecoin was in a bearish trend. Yesterday, the LTC price was making a bullish movement after the downtrend of the previous day. The price of the crypto was rejected by the 12-day EMA and dropped to a minimum of $ 28.43. Today, the LTC price has been thwarted again by the 12-day EMA and the price is close to $ 25.95.

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. On 6 December, the bulls withdrew from the downward trend and broke the 12-day EMA and the 26-day EMA and stayed above it. Bears have taken control of the price and break the EMAs down.

Today, the price of cryptography fell when it opposed the 12-day EMA and the price is close to $ 25.95. Meanwhile, from the 1 hour chart, the price of encryption is lower than the 12 day EMA and the 26 day EMA which indicates that the price should decrease. Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal.

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