2019-1-16 09:37 |
Yesterday, January 15, the price of Litecoin was in a bearish trend zone. The price of Litecoin had been below the 12-day EMA and the 26-day EMA for some time as the crypto’s price fluctuates above the $30 price level. Since the crypto’s price is below the 12-day EMA and the 26-day EMA, the price of Litecoin may fall.
Today, the crypto’s price is falling and probably to break the $30 price level. If the $30 price level is broken, the crypto will find support at the $28 price level. Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that the price of Litecoin is in a bullish momentum and a buy signal. 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 price of Litecoin was in a bearish trend zone. On January 15, the crypto’s price fell to its low at $31 and commenced a bullish movement to the 12-day EMA and the 26-day EMA.
The bullish movement was short-lived as the crypto was resisted at the $31 price level. Meanwhile, the stochastic is out of the oversold region but below the 80 % range which indicates that the crypto is in bullish momentum and a buy signal.
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