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/ Ultima / 2018/12 / litecoin-LTC-price-analysis-December-4 /
Litecoin price analysis (LTC) – December 4th
litecoin LTC-money-analysis-December-4
- The price of Litecoin will probably increase if the EMA breaks and stays above them.
- The price of the crypt is in the bearish trend zone and in the short and medium term.
Litecoin chart according to Trading View
LTCUSD Medium-term trend: variable
Strength levels: $ 65, $ 67, $ 69
Support levels: $ 30, $ 28, $ 26
The price of Litecoin has undergone a sideways trend in the last week. On November 24, the cryptocurrency price dropped to a minimum of $ 29 and entered a range-bound movement. Since then it has fluctuated above the $ 29 level.
LTC is currently below its 12-day and 26-day EMA, which shows that the price is likely to continue to fall. In addition, the Stochastics is within reach of 40, indicating a bullish moment and a purchase signal. If the price breaks EMA, it is likely to continue to rise.
On the other hand, if the price of the crypto is countered by the EMA, it will continue its movement linked to the interval.
Short-term trend LTCUSD: variable
Litecoin chart according to Trading View
On the short-term trend, the price of Litecoin is in a lateral trend. December 3 fell to a low of $ 30 and started a bullish movement. The price of Litecoin is lower than the EMA, which indicates that it is a downward trend.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
