Litecoin (LTC) Daily Price Forecast – December 11

2018-12-11 09:39

LTC/USD Medium-term Trend: Bearish Resistance Levels: $66, $68, $70 Support Levels: $25, $23, $21

Yesterday, December 10, the price of Litecoin was in a bearish trend. On December 9, the crypto’s price broke the 12-day EMA while in a bullish trend but as the price was resisted at the 26-day EMA, it resulted in a downtrend. The crypto’s price fell to the low of $25.69 and commenced a range bound movement below the EMAs.

As the price ranges, a price breaks out is imminent. However, if the bears break the $24 price level, the price of Litecoin will resume its downtrend. But if the bulls take control of price, they will face resistance at the $26 price level. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line indicating a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Since on December 9, the crypto’s price broke the 12-day EMA and the 26-day EMA and price fell into the bearish trend zone. The 12-day EMA now acted as a resistance to the crypto’s price.

The crypto’s price has not been able to break the EMAs. 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. 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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Litecoin (LTC) на Currencies.ru

$ 82.28 (+0.00%)
Объем 24H $372.005m
Изменеия 24h: 4.54 %, 7d: 0.63 %
Cегодня L: $81.93 - H: $82.78
Капитализация $6.133b Rank 19
Цена в час новости $ 23.77 (246.15%)

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2020-11-1 04:00