Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46

Yesterday, November 12, the price of Litecoin was in a sideways trend. The crypto's price is fluctuating above the $50 price level and the price is below the exponential moving averages (EMAs). The crypto is range bound between the levels of $60 and $50. The digital currency has tested the lower level of price range and it is likely to reverse to the upper price level.

Traders are to initiate long trades at the lower price level in anticipation of a bullish trend. Then a stop loss should be placed below the $50 price level. 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 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

On the 1-hour chart, the digital currency is in a bullish trend. The digital currency is fluctuating above the lower level of price range. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish 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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