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Litecoin (LTC) Daily Price Forecast – November 23rd

Examine the profitability of Litecoin (LTC) mining activities during Crypto bear market prices

LTC / USD medium-term trend: bearish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 30, $ 28, $ 26

Yesterday, November 22nd, the price of Litecoin was in a lateral trend. After the digital currency fell to a minimum of $ 33.36, the price of the crypto was lower than the exponential moving averages. On November 23, the bears broke the shooting movement and resumed their bearish 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. All long exchanges that have been started before should be abandoned when the bears return to resume their bearish movement

Short-term LTC / USD trend: bearish

In the 1 hour chart, the price of the crypt is in a downward trend. On November 23rd, the price of Litecoin was countered by the 12-day EMA and the price fell to a minimum of $ 32 to start a movement with a range of action. 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.

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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