Litecoin (LTC) Daily Price Forecast – December 18

2018-12-18 10:10

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $22, $20, $18

Yesterday, December 17, the price of Litecoin was in a bullish trend. The price of Litecoin was trading in the bearish trend zone before the outcome of the bullish breakout. On December 16, the crypto’s price broke the 12-day EMA, the 26-day EMA and commenced its bullish movement above the EMAs.

The crypto’s price is above the EMAs and it reached the high of $31.385. The bulls could not push the price further because of the resistance at the $32 price level. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. The crypto’s price is in a smooth uptrend. The price of Litecoin is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are all trending northward.

If the $30 price level holds traders should initiate long trades at the price of $ 30. Meanwhile, the price Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. 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.

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Litecoin (LTC) на Currencies.ru

$ 82.25 (-0.27%)
Объем 24H $386.602m
Изменеия 24h: 4.67 %, 7d: 0.35 %
Cегодня L: $81.93 - H: $82.78
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price litecoin bullish december trend levels ltc

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