2019-1-2 09:37 |
Yesterday, January 1, the price of Litecoin was in a bearish trend zone. The crypto’s price was trading at $31.38 but below the bearish trend zone. Today, the crypto’s price has broken the 12-day EMA, the 26-day EMA and the $32 price level which indicates that price is likely to rise.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the oversold region and it is approaching the 80% range indicating that price is in a bullish momentum and a buy signal. The crypto’s price is expected at the $34 price level.
LTC/USD Short-term Trend: BullishOn the 1-hour chart, the price of Litecoin is in a bullish trend. On January 1, the crypto’s price was in the bearish trend zone, trading at a price of $31.04. Today, the bulls have broken the EMAs to the upside and Litecoin is currently trading at $33 price level.
The MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the overbought region but above the 20% range. This indicates that Litecoin is in a strong bearish momentum and a sell signal.
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