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LTC / USD medium-term trend: bearish
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 48, $ 46, $ 44
Yesterday, October 29, the price of Litecoin was in a bearish trend. The digital currency had fluctuated below and above the price of $ 52. Yesterday, the price of Litecoin had broken the movement tied to the interval and fell to a low of $ 48.82. The price of the crypt is currently in a movement with an action radius.
The cryptocurrency was between the levels of $ 50 and $ 65. Today, the price broke the lower price range and fell to a low of $ 48.82. Bears may have exhausted their bearish pressure and the price is expected to rise. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend zone.
Short-term LTC / USD trend: bearish
In the 1 hour chart, the LTC price is in a downward trend. The price of the crypt is higher than the price level of $ 48. The Litecoin price is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend zone. The MACD line and the signal line are below the zero line indicating a sales signal.
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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