Author Topic: Litecoin (LTC) Long Term Price Forecast ? December 8  (Read 631 times)

Offline BitcoinExchangeGuide

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Litecoin (LTC) Long Term Price Forecast ? December 8
« on: December 10, 2018, 09:22:07 AM »
LTC/USD Long-term Trend: Bearish

?   Resistance Levels: $60, $70, $80
?   Support levels: $30, $20, $10

The LTC/USD pair had been in a smooth downtrend since the beginning of November 2018.  On November 1, the crypto had an opening balance of $50. 13 but has depreciated to the low of $25. 25. 

The crypto's price is below the 12-day EMA and the 26-day EMA which is an indication of price falling.  The exponential moving averages are tending southward an indication of a downtrend.  From the Stochastic indicator, the reading is in the range below 20%.

This indicates that the price of Litecoin has a strong bearish momentum and a sell signal.  Since the bearish momentum of Litecoin is strong, the crypto is likely to fall.  Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.  The MACD line and the signal line are below the zero line which indicates a sell signal.


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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Litecoin (LTC) Long Term Price Forecast ? December 8
« on: December 10, 2018, 09:22:07 AM »

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