Litecoin (LTC) Daily Price Forecast – December 3

2018-12-3 07:22

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $30, $28, $26

On November 24, the price of Litecoin was in a bearish trend. Last week the bearish trend fell to its low at $ 28.71 and became range bound. The crypto price was fluctuating above and below the 12-day EMA and the 26-day EMA. On December 1, the bulls made a bullish movement above the exponential moving averages.

If the price is sustained above the EMAs, the crypto is likely to rise. However, the crypto's price has broken the EMAs and resumed its downtrend trend. Meanwhile, the price of Litecoin 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 above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Last week the 12-day EMA and the 26-day EMA are horizontally flat indicating that price was in a sideways trend. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, 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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Litecoin (LTC) на Currencies.ru

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Источник: bitcoinexchangeguide.com

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