Medium-term LTC / USD trend: bullish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46
Last week's price of Litecoin was fluctuating below and above the price level of $ 50. On November 4, the digital currency made a bullish movement at the top price level of $ 60. The price of the crypt has reached the price level of $ 54.26 and was rejected. Litecoin is now fluctuating above the price level of $ 54 in a series move.
The price of the crypto is higher than the exponential moving average and as such it is likely that the price will increase. The price should reach the top price level of $ 60. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Litecoin is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
Short-term trend LTC / USD: bullish
In the 1 hour chart, the LTC price is in an uptrend. The price is now higher than the 12-day EMA and the 26-day EMA indicates that the price is in an uptrend zone. The MACD line and the signal line are above the zero line indicating a purchase signal.
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