LTC/USD Medium-term Trend: Bullish
Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46
Yesterday, November 1, the price of Litecoin was in a sideways trend. The crypto’s price was fluctuating above the $48 price level and was in the bullish trend zone. Price of Litecoin has been in a bullish trend since yesterday. It has crossed over the $50 price level which was the lower price range. Traders should continue with their long trades.
Price of Litecoin is expected to rise but will face resistance at the $52 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 above 12-day EMA the 26-day EMA which indicates that price is in the bullish trend zone.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, LTC price is in a bullish trend. Price of Litecoin is making a series of higher highs and high lows Price is now above the 12-day EMA and the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.
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