LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $30, $28, $26

Yesterday, November 29, the price of Litecoin was in a sideways trend. On November 27, the previous day the crypto broke the 12-day EMA and the 26-day EMA while in a bullish trend. The price reached the high of $36.12 and commenced a range bound movement. The price of Litecoin is presently in a bullish trend zone.

However, the price of Litecoin is falling and trying to break the exponential moving averages to the downside. 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.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto’s price is in a sideways trend. The price of Litecoin is fluctuating below and above the 12-day EMA and the 26-day EMA indicating the presence of a sideways trend. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, 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.

(Excerpt) Read more Here | 2018-11-30 05:14:00
Image credit: source

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