2018-12-14 09:01 |
Resistance Levels: $66, $68, $70
Support Levels: $22, $20, $18
Yesterday, December 13, the price of Litecoin was in a bearish trend. Yesterday, the crypto's price fell to the low of $24.10 and commenced a bullish movement to the exponential moving averages. At a price of $24.52 the crypto was resisted by the 12-day EMA and it fell to $23.49, the previous low of the price of Litecoin.
The cryptocurrency is ranging above the $23 price level. There will be no trade recommendation as the price is still in the bearish trend zone. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
LTC/USD Short-term Trend: BearishOn the 1-hour chart, the crypto's price is in a bearish trend. The 12-day EMA and the 26-day EMA were horizontally flat. Also, the price of Litecoin was ranging above the $24 price level when the crypto's price broke the 12-day EMA and the 26-day to the downside.
The crypto's price fell to the low of $23.39 and commenced a range bound movement. This was the previous support level of Litecoin which has been tested since December 7. Meanwhile, the price Litecoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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