LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 25, $ 23, $ 21
Yesterday, November 26, the price of Litecoin was in a bearish trend. On November 25th, the digital currency fell to a low of $ 28.71, and the price of Litecoin was above that level. From its minimum, the price of the cryptic made a bullish movement that was rejected by the 26-day EMA on 26 November 2018. The selling pressure did not allow the price to remain above the EMA for the its bullish movement.
On November 26, the bears took another sale that forces the crypt to fall into a downtrend. 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 price of Bitcoin has reached the oversold region of the market. Traders should look for purchase configurations in order to start long exchanges.
Short-term trend LTC / USD: variable
In the 1 hour chart, the price of the crypt is in an uptrend. On November 25, the price of the cryptic oscillated above the 12-day EMA and the 26-day EMA. On November 26, the bears had another sale that made the price to break the 12-day EMA and the 26-day EMA, falling in a downward trend.
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