Price analysis of Litecoin (LTC) – 18 December

Litecoin chart according to Trading View

LTCUSD Medium-term trend: bearish

• Strength levels: $ 60, $ 65, $ 70
• Support levels: $ 20, $ 15, $ 10

Yesterday, December 17, the LTCUSD pair was in an uptrend. On December 13th, the price of Litecoin fell to a minimum at $ 23.47. The bullish trend began the next day and broke the 12-day EMA. The crypt has reached the maximum of $ 29.88. However, it was opposed by the 26-day EMA. Today, the price of the crypt is in a bearish trend. It is likely that Litecoin will find support for its previous minimum.

This is because the general trend is bearish. The 12-day EMA and the 26-day EMA are trending south. The price of the crypto is lower than the 26-day EMA which tends to decrease. On the upside, if the price breaks the EMA at 26 days, the bulls will meet resistance at a level of $ 0.35.

LTCUSD Short-term trend: bullish

Litecoin chart according to Trading View

On the 4-hour chart, the price of Litecoin is in a downward trend. The price of Litecoin was making a series of higher highs and lows higher the previous day. From the chart, the uptrend has been interrupted because the price no longer follows the pattern of the highest highs and the highest lows. Secondly, once the trend line is broken, the current trend is said to be reversed.

Therefore, the LTC price should decrease. In the meantime, the stochastic is in the lower range of the 80% range. This means that the Stochastic is out of the overbought region and the bands are pointing down, indicating a downward trend. It also means that the LTC price has a bearish momentum and a sales signal.

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