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

Last week the price of Litecoin was in a bearish trend. On November 19, the digital currency was resisted by the 12-day EMA and it fell in a downward trend. Since then the crypto's price was unable to break the 12-day EMA resistance. Therefore, the price fell to the low of $28.57 and it is making a bullish movement to the 12-day EMA and the 26-day EMA. Today, the digital currency is in a bullish trend.

If price breaks the 12-day EMA and the 26-day EMA and remains above it; the digital currency will commence its uptrend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

On the 1-hour chart, the crypto's price is in a bullish trend. The crypto’s price has broken the 12-day EMA and the 26-day EMA in a bullish trend and the bullish trend is ongoing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

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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