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Medium-term trend LTC / USD: variable
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 35, $ 33, $ 31
Yesterday, January 9, the price of Litecoin was in an uptrend. The price of Litecoin fell to the EMA 26 days after having failed the resistance to $ 40. Over the past five days, the price of encryption was trading below the price level of $ 40. Yesterday the bears have broken the 12-day EMA and the price fell to the $ 39 level.
Today the bulls are making another attempt at the resistance level. On the upside, the crypt will reach the highs of $ 56 and $ 63 if the bulls break the $ 40 level. On the other hand, if the bears break under the EMA, the crypt will find support for $ 32. , the stochastic is out of the overbought region but below the 20% range indicates that the price of Litecoin is in a bullish momentum and a buy signal.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the price of Litecoin is in a bearish trend zone. Yesterday, cryptography dropped to a minimum of $ 39.22. Today, the crypt is attempting to overcome the 12-day EMA and the 26-day EMA to be in the uptrend zone. Meanwhile, the Stochastic is out of the overbought region but below the 20% range indicating that the crypt is falling and a sell signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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