Home Litecoin Litecoin (LTC) Daily Price Forecast – December 10 – Bitcoin Exchange Guide

Litecoin (LTC) Daily Price Forecast – December 10 – Bitcoin Exchange Guide

2 min read
Comments Off on Litecoin (LTC) Daily Price Forecast – December 10 – Bitcoin Exchange Guide
223

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $25, $23, $21

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.

LTC/USD Short-term Trend: Bearish

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.

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

Dogecoin, Ethereum, XRP, LTC: What the surge in altcoin interest means to Binance and other exchanges?

Because the starting of Bitcoin’s bull run, net site visitors throughout crypto exchanges …