LTC / USD long-term trend: bearish
- Strength levels: $ 60, $ 70, $ 80
- Support levels: $ 30, $ 20, $ 10
The LTC / USD has registered a sideways trend in the last ten days. The price of the crypt was fluctuating above the $ 30 level. Price action was characterized by small hand-to-hand candles that described the indecision of buyers and sellers above the price level of $ 30. The 12-day EMA and the 26-day EMA were horizontally flat in the daily schedule indicating the lateral trend.
From the weekly chart, Litecoin's price was in a bearish trend zone. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.
Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal. The stochastic indicator is outside the oversold region but above the 20% range indicates that the price of Litecoin is in a bullish momentum and a buy signal.
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