Home / Litecoin / Price analysis Litecoin (LTC) – 27 November

Price analysis Litecoin (LTC) – 27 November

/ Ultima / 2018/11 / litecoin-LTC-price-analysis-November-27 /

Price analysis Litecoin (LTC) – 27 November

litecoin LTC-money-analysis-Nov-27

  • Litecoin will find support for $ 25 if the bearish trend continues.
  • The price of the crypt dropped to a low of $ 28 and is fluctuating above the $ 28 level.

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

LTCUSD Medium-term trend: bearish

Strength levels: $ 65, $ 70, $ 75

Support levels: $ 25, $ 20, $ 15

The price of Litecoin was in a bearish trend yesterday. On November 25, the price of the crypt broke the $ 30 level to a minimum of $ 28, but returned above the support level. The price is fluctuating below and above the support level of $ 30. As the price is above the price level of $ 30, the price is likely to fall in line with the current trend. The price of the crypt will be supported at $ 25 if the bearish trend continues.

Meanwhile, Litecoin's price is lower than 12 days for EMA and 26 days for EMA indicating that it is likely to decrease. From the stochastic indicator, the reading is less than 20, indicating that it is located in the oversold region of the market. The bearish momentum is said to be strong and the price will remain bearish as long as the stochastic bands are below the 20 range.

Short-term trend LTCUSD: variable

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

On the short-term trend, the price of Litecoin is in a lateral trend. The price of the crypt has fallen to a minimum of $ 28 and is going above it. Like the price ranges of the crypto, it could meet 12-day EMA resistance or break the levels and go up.

The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.

Source link