Resistance Levels: $66, $68, $70
Support Levels: $52, $50, $48

Yesterday, October 25, the price of Litecoin was in a bearish trend. The crypto’s price had been on a downward trend since October 15. The digital currency is falling and it is expected at the previous support level of $51. The $50 price level is the lower level of price range.

If the cryptocurrency reaches those lows, traders are to initiate long trades at the support levels in anticipation of a bullish trend. 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.

On the 1-hour chart, LTC price is in a bearish trend. 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. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal. The support levels would be breached if the downward continued.

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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