2018-12-18 10:10 |
Resistance Levels: $66, $68, $70
Support Levels: $22, $20, $18
Yesterday, December 17, the price of Litecoin was in a bullish trend. The price of Litecoin was trading in the bearish trend zone before the outcome of the bullish breakout. On December 16, the crypto’s price broke the 12-day EMA, the 26-day EMA and commenced its bullish movement above the EMAs.
The crypto’s price is above the EMAs and it reached the high of $31.385. The bulls could not push the price further because of the resistance at the $32 price level. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
LTC/USD Short-term Trend: BullishOn the 1-hour chart, the price of Litecoin was in a bullish trend. The crypto’s price is in a smooth uptrend. The price of Litecoin is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are all trending northward.
If the $30 price level holds traders should initiate long trades at the price of $ 30. Meanwhile, the price Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy 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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