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LTC/USD Long-term Trend: Bearish
- Resistance Levels: $60, $70, $80
- Support levels: $30, $20, $10
The LTC/USD pair was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $32.16 in the month of December but had a closing price of $33.54. In other words, the price of Litecoin has a gain of 4.29% to its capitalization. The crypto’s price is in the bearish trend zone.
Meanwhile, 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. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is also in the oversold region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.