2018-10-25 10:51 |
Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46
Yesterday, October 24, the price of Litecoin was in a bullish trend. The crypto’s price reached the high of $53.69 and price fell to the low of $52.93. Yesterday, it was suggested that the price of Litecoin would rise but might face resistance at the $54 price level. The digital currency did face resistance at the $54 price level and it is now approaching the previous low of $52.
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 the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
LTC/USD Short-term Trend: BearishOn the 1-hour chart, LTC price is in a bearish trend. The digital currency fell to a low of $52.71 and commenced a bullish movement. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.
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