Author Topic: Litecoin (LTC) Daily Price Forecast ? December 27  (Read 949 times)

Offline BitcoinExchangeGuide

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Litecoin (LTC) Daily Price Forecast ? December 27
« on: December 27, 2018, 03:56:48 PM »
LTC/USD Medium-term Trend: Ranging

?   Resistance Levels: $66, $68, $70
?   Support Levels: $30, $28, $26

Yesterday, December 26, the price of Litecoin was in a sideways trend.  In the last 24 hours, there had been no significant price movement as price ranges above the $30 price level.  The crypto?s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

As the crypto ranges above the $30 price level, there is the likelihood of a price breakout.  If the crypto?s price breaks below the $30 price level, the price of Litecoin will find support at the $24 price level.  On the other hand, if price breaks upward, the crypto will reach the high of $37.  Meanwhile, the stochastic indicator out of  the oversold region above the 20% range which indicates that Litecoin is in a bullish momentum and a buy signal.


LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend.  The crypto?s price is below the 12-day EMA and the 26-day EMA which indicates price is in a  bearish trend zone.  The crypto has the tendency to fall. 

Similarly, the stochastic indicator was out of the overbought region and it is below the 20% range which indicates that the crypto is in a bullish momentum and 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.

Source: https://bitcoinexchangeguide. com

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Litecoin (LTC) Daily Price Forecast ? December 27
« on: December 27, 2018, 03:56:48 PM »

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