Litecoin (LTC) Daily Price Forecast – November 12

2018-11-12 08:59

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46

Last week the price of Litecoin was in a bullish trend. The digital currency reached a high of $56.65 in a bullish trend. Presently, the crypto was range bound between the levels of $50 and $60. On November 7, the crypto’s price faced resistance at $56.95 and it fell in a downward trend. Today, the price of Litecoin broke the lower level of price range and it has commenced a bullish movement.

Traders are to initiate long trades at the lower level of price range in response to the bullish trend. Then a stop loss should be placed below the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the digital currency is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

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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Litecoin (LTC) на Currencies.ru

$ 99.12 (-0.69%)
Объем 24H $659.99m
Изменеия 24h: -1.57 %, 7d: -18.64 %
Cегодня L: $98.74 - H: $100.59
Капитализация $7.467b Rank 23
Цена в час новости $ 50.04 (98.08%)

levels trend bullish litecoin crypto november price

Источник: bitcoinexchangeguide.com

levels trend → Результатов: 126


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