Litecoin (LTC) Long-term price forecast – December 1st

LTC / USD long-term trend: bearish

Strength levels: $ 60, $ 70, $ 80
Support levels: $ 30, $ 20, $ 10

The LTC / USD pair was bearish in November 2018. On November 1, the crypt had an initial balance of $ 50.13 but the price fell to a low of $ 31.91 as at the time of writing. The price of Litecoin also lost around 36.34% of its capitalization in November. The digital currency is likely to fall in December as the price is lower than 12 days for EMA and 26 days for EMA.

There will be no need to look for purchase configurations, as downward pressure is underway. Meanwhile, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that a downward trend is under way. The MACD line and the signal line are below the zero line indicating a sales signal.

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