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LTC / USD Medium-term trend: variable
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Yesterday, November 13, the price of Litecoin was in a bearish trend. On November 8th, a bearish candlestick broke the 12-day EMA and the 26-day EMA, which fell to the low of $ 53 and started a movement with an action radius . However, each time interval and touches the 12-day EMA; the price of the crypt will fall and continue its downward trend.
The 12-day EMA acted as a resistance to the price of the crypt. Today, a candelabra on the downside was rejected and the price fell to the $ 50 level. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is less than 12 days EMA and the 26-day EMA indicating that the price is in the bearish trend zone. However, if the price breaks the 12-day EMA and closes above it, traders should look for purchase configurations to start long trades.
Short-term trend LTC / USD: variable
In the 1 hour chart, the digital currency has an uptrend. At the 12-day EMA opposed resistance to a bearish candelabra and the price probably will continue its downward trend. The price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the uptrend zone. 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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