LTC/USD
Medium-term Trend: Bullish
Resistance Levels: $66, $68,
$70
Support Levels: $25, $23, $21
Support Levels: $25, $23, $21
Yesterday, November 28, the
price of Litecoin was in a bullish trend. The price of Litecoin is now above
the 12-day EMA and the 26-day indicating that price is rising. The digital
currency has broken the $35 price level and it is fluctuating at that level.
Nevertheless, if the $35 price level holds traders should initiate long trades
above that price level.
Also, a stop loss order
should be placed below the $35 price level. Meanwhile, the price of Litecoin is
above the 12-day EMA and the 26-day EMA indicating that price is in the bullish
trend zone. 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
crypto's price is in a bullish trend. The digital currency is making a series
of higher highs and higher lows. Meanwhile, the crypto's price is above the
12-day EMA and the 26-day EMA indicating that price is in the bullish trend
zone. Also, the MACD line and the signal line are above the zero line which
indicates a buy signal.
Traders are to ride on the bullish trend as long the
uptrend last. They should allow the market to take them out of trading.
The views and opinions
expressed here do not reflect that of BitcoinExhangeGuide.com and do not
constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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