LTC / USD Medium-term trend: variable
Strength levels: $ 66, $ 68, $ 70
Support levels: $ 48, $ 46, $ 44
Yesterday, October 30, the price of Litecoin was in a bearish trend. Since the price of the crypt fell to a minimum of $ 48.84, the price of Litecoin was fluctuating above this level. A bullish candelabra approaches the 12-day EMA, and the price makes a bullish movement from the oversold region. The price of the lower price range is likely to go up as the digital currency makes a bullish movement.
Traders should suspend long trades until the price exceeds exponential moving averages. 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 in a bearish trend as the price is now lower than the 12-day EMA and the 26-day EMA indicates a sales signal. The MACD line and the signal line are below the zero line indicating a sales signal.
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