Litecoin (LTC) Daily Price Forecast – December 6

2018-12-6 08:28

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, December 5, the price of Litecoin was in a bearish trend. Yesterday, the bearish trend came after the resistance by 12-day EMA. The crypto's price fell to the low of $29.58 and commenced a range bound movement. Presently, the digital currency ranges between the levels of $28 and $36 and price have reached the lower level of price range.

If the price reaches a low of $ 28, it is expected to range back to the upper price level of $36. However, if the bears decide to break the $28 price level or the lower price range, then Litecoin will depreciate further. Meanwhile, the price of Litecoin 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.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. On December 5, the digital currency fell to the low of $29.26 and commenced a range bound movement. On December 6, the crypto's price fall is ongoing. The crypto's price is still below the EMAs which will result in the fall of the digital currency.

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

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 67.05 (+0.42%)
Объем 24H $270.2m
Изменеия 24h: 1.02 %, 7d: -7.40 %
Cегодня L: $64.67 - H: $67.08
Капитализация $5.039b Rank 20
Цена в час новости $ 29.26 (129.15%)

bearish trend price litecoin resistance levels yesterday

bearish trend → Результатов: 126


BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – April 29

The short and medium-term outlook remains in a bearish trend. Traders may consider selling at bullish exhaustion area with bearish reversal candlestick as confirmation. BCH/USD Medium-term Trend: Bearish Supply zones: $300, $400, $500 Demand zones: $100, $50, $30 BCHUSD outlook in the medium-term is in a bearish trend. The bears kept the market under control […]

2019-4-29 08:27


Analysis: BTC Price is Consolidating in Preparation for Higher Ground

Resistance levels: $6,439, $6,609, $6,744 Support levels: $6,286, $6,145, $6,028 BTC/USD Medium-term Trend: Ranging On October 18, the cryptocurrency made an attempt to rally to the north by the formation of a bullish engulfing bar but the bears rejected the bullish movement by the formation of bearish inside bar that returned the BTC price below […] The post Analysis: BTC Price is Consolidating in Preparation for Higher Ground appeared first on ZyCrypto.

2018-10-25 18:16