LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 30, $ 28, $ 26
Last week the price of Litecoin was in bearish trend. On November 14th, the price of the crypto was countered by the 12-day EMA and the price fell to a minimum of $ 44.06. The price of the crypt broke the lowest level in the price range which is the price level of $ 50 and began a movement related to the interval.
Today, the price of the crypt has been countered by the 12-day EMA and the bearish trend continues. 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.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the digital currency has a downward trend. On November 15th, the digital currency dropped to a minimum of $ 41.05 and was reduced to a maximum of $ 43.99. On November 19, the crypt fell again when it resisted the 12-day EMA. The price is now testing the previous low of $ 41 and could probably reverse or continue its downtrend.
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