LTC / USD Medium-term trend: variable
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 30, $ 28, $ 26
Yesterday, November 21, the price of Litecoin was in a lateral trend. The digital currency fell to a low of $ 33.36 and started a re-launching movement at the same price level. The price of the crypt no longer follows the bearish pattern of the lower and lower highs.
The price was going to the price level of $ 33 in the last three days. The price of the crypt broke the 12-day EMA and is in a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price is lower than the 12-day EMA and 26-day EMA indicating that the price is in the bearish trend zone.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the price of the crypt is in an uptrend. On November 21, the price of Litecoin fell to a low of $ 33.55 and started a bullish movement. The digital currency is higher than the 12-day EMA and the 26-day EMA which indicates the price is in the uptrend zone.
The MACD line and the signal line are above the zero line indicating a purchase signal. Traders should look for purchase configurations and start long trades in anticipation of the uptrend. So a stop loss order should be placed below the support level.
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