2018-10-30 09:13 |
Resistance Levels: $66, $68, $70
Support Levels: $48, $46, $44
Yesterday, October 29, the price of Litecoin was in a bearish trend. The digital currency had been ranging below and above the price of $52. Yesterday, the price of Litecoin had broken the range bound movement and has fallen to the low of $48.82. The crypto's price is currently in a range bound movement.
The cryptocurrency was range bound between the levels of $50 and $65. Today, the price has broken the lower price range and has fallen to the low of $48.82. The bears might have exhausted their bearish pressure and price is likely to rise. 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 crypto's price is ranging above the $48 price level. Litecoin price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
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