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LTC / USD medium-term trend: bearish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, 10 January, the price of Litecoin was in an uptrend. The price of Litecoin had been suspended over the 12-day EMA and the 26-day EMA due to its inability to exceed the price level of $ 40. Previously it was thought that if the bears were broken below the EMA, the crypt would have found support for $ 32.
Today cryptography has fallen to the price level of $ 34 and cryptography is likely to fall again because the price is in the bearish trend zone. Meanwhile, the stochastic is in the oversold region but below the 20% range indicates that the price of Litecoin has a strong downward impulse and a sell signal. 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 Litecoin is in a bearish trend zone. From the chart, the price of encryption dropped to the minimum of the price level of $ 33 and started a movement linked to the interval above it. Meanwhile, the Stochastic is out of the overbought region but above the 20% interval indicating that the crypt is in a bullish phase and a buy signal. The MACD line and the signal line are below the zero line indicating a sales 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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