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LTC / USD long-term trend: bearish
- Strength levels: $ 60, $ 70, $ 80
- Support levels: $ 30, $ 20, $ 10
The LTC / USD pair had a bearish run smoothly from the start of November 2018. On November 1, the crypt had an initial balance of $ 50.13 but depreciated to a minimum of $ 25.25. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates the lowering of the price. The exponential moving averages tend towards the south to indicate a downward trend. From the stochastic indicator, the reading is in the interval of less than 20%.
This indicates that the price of Litecoin has a strong downward impulse and a sales signal. Since Litecoin's bearish moment is strong, the crypt is likely to fall. 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.
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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