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 19, the digital currency was countered by the 12-day EMA and recorded a downward trend. Since then, the price of the crypt has not been able to break the 12-day EMA resistance. Therefore, the price has fallen to a low of $ 28.57 and is making a bullish movement at the 12-day EMA and at the 26-day EMA. Today, the digital currency is in an uptrend.
If the price breaks the 12-day EMA and the 26-day EMA and stays above it; the digital currency will start its uptrend. 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. The price of cryptography has interrupted the 12-day EMA and the 26-day EMA in an uptrend and the uptrend is underway. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The price is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
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