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Medium-term LTC / USD trend: bullish
- Strength levels: $ 66, $ 68, $ 70
- Support levels: $ 30, $ 28, $ 26
Yesterday, 17 January, the price of Litecoin was in a bearish trend zone. The price of the crypt has been in the bearish trend zone since 10 January 2019. In addition, the price of the encryption had been floating above the price level of $ 30 over the same period. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA and reached the $ 32 level.
The price of the crypt is returning to the bearish trend zone. On the negative side, if the price of the crypto is lower than the EMA, the price of the crypto will fall or continue its movement linked to the radius of action. On the upside, if the bulls break above the EMA, the price of the crypts will increase and reach the previous maximum of $ 40. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the price of Litecoin was in an uptrend zone. On January 17, the bulls broke the 12-day EMA, the 26-day EMA and reached the $ 32 level. At the moment, the crypt has returned to a movement linked to the interval. Meanwhile, the stochastic is in the oversold region but below the 20% range indicating that the crypt has a strong downward impulse 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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