LTC/USD Long-term Trend: Bearish

Resistance Levels: $60, $70, $80
Support levels: $30, $20, $10

The LTC/USD pair was bearish in the month of November 2018. On November 1, the crypto had an opening balance of $50.13 but price has fallen to the low of $31.91 as at the time of writing. The price of Litecoin also lost about 36.34% of its capitalizations in the month of November. The digital currency is likely to fall in the month of December as the price is below the 12-day EMA and the 26-day EMA.

There will be no need to look out for buy setups as the bearish pressure is ongoing. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell 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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