Yesterday, February 14, the price of Litecoin was in the bearish trend zone. The crypto’s price has fallen into the bearish trend zone after days of range bound movement. On February 13, the bears broke the 12-day EMA and the 26-day EMA as price fell to the low of $41.70. The crypto’s price now ranges below the EMAs.

As the LTC price is below the EMAs, the crypto has the tendency to fall. The LTC price is trading at $42 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The price fell to a low of $41.71 and commenced a range bound movement. The crypto’s price had been ranging below the EMAs in the last three days.

Today, the bulls have broken above the EMAs, as the crypto resume its bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

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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