Home / Litecoin / Litecoin (LTC) Daily Price Forecast – November 26th

Litecoin (LTC) Daily Price Forecast – November 26th

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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.

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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