Litecoin (LTC) Daily Price Forecast – November 29

2018-11-29 08:34

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, November 28, the price of Litecoin was in a bullish trend. The price of Litecoin is now above the 12-day EMA and the 26-day indicating that price is rising. The digital currency has broken the $35 price level and it is fluctuating at that level. Nevertheless, if the $35 price level holds traders should initiate long trades above that price level.

Also, a stop loss order should be placed below the $35 price level. Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy  signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency is making a series of higher highs and higher lows. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. Traders are to ride on the bullish trend as long the uptrend last. They should allow the market to take them out of trading.

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

$ 55.44 (-0.09%)
Объем 24H $239.704m
Изменеия 24h: -2.12 %, 7d: 1.17 %
Cегодня L: $55.27 - H: $55.57
Капитализация $4.275b Rank 22
Цена в час новости $ 34.15 (62.34%)

price litecoin trend bullish levels ltc november

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Is Litecoin (LTC) a buy or sell in September?

Litecoin bulls are focused on breaking short term resistance at $50 If the price jumps above $50 it would probably reach $55 in the short time period The price of Litecoin is correlated with the price of Bitcoin Bitcoin is currently trading at $10,250 after defending the $10,000 level again We can say that the cryptocurrency market has stabilized, there is no big price movement in the last several wees and according to technical analysis, the neutral trend is still intact.

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