2019-1-24 10:47 |
Yesterday, January 23, the price of Litecoin was in a bullish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and defended the $30 price level. The crypto’s price reached the high of $32 but was resisted. The crypto is ranging above the EMAs at a price of $32. On the upside, the bulls may reach the high of $33 but may face resistance at the $33 price level.
On the downside, if the crypto’s price falls, it will find support at the $30 price level. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a sideways trend. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.
LTC/USD Short-term Trend: BullishOn the 1-hour chart, the price of Litecoin was in a bearish trend zone. Today, the bears have broken the 12-day EMA, the 26-day EMA and have fallen to the bearish trend zone. The crypto’s price is likely to fall as it is in the bearish trend zone. Meanwhile, the stochastic is in the oversold region but below the 20 % range which indicates that the crypto is in a strong bearish momentum and a sell signal.
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