Last week the price of Litecoin was in a bearish trend. On December 3, the 12-day EMA resisted the crypto's price and it fell to the low of $23.15 and it commenced a range bound movement. While in a range bound movement the crypto's price had not been able to break the 12-day EMA and the 26-day EMA to the upside.

Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The indicators are in disagreement as to the MACD line and the signal line are above the zero line indicating a buy signal. The Stochastic is in the range below 40% which indicates that price has a bearish momentum and a sell signal.

On the 1-hour chart, the crypto's price is in a bearish trend. As the crypto's price fell to the low of $23.15, it commenced a range bound movement above and below the 12-day EMA and the 26-day EMA indicating that 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. 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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