Yesterday, January 3, the price of Litecoin was in a bearish trend. The bearish candlesticks broke below the 12-day EMA and the 26-day EMA to the low of $32.18. The price of Litecoin is now in the bearish trend zone, as the crypto is likely to fall. The 26-day EMA is now resisting any price movement above the EMAs.

The price of Litecoin is trading at $32.60 as at the time of writing. As the crypto’s price is bearish and if it falls below the $32 price level, the crypto will find support at either $31 or $30 price level. On the other hand, the crypto’s price will have to break above the EMAs to remain above the $32 price level. The stochastic is out of the overbought region but above the 20% range indicating that the LTC is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of Litecoin is in a bearish trend zone. The bearish candlesticks broke the 12-day EMA and the 26-day EMA to the low of $32.17. The crypto’s price commenced a bullish movement to the EMAs. The LTC  price has now broken above the 12-day EMA and price is in the bullish trend zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic is out of the oversold region but above 80 % which indicates that the crypto is in bullish momentum.

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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