Litecoin (LTC) Daily Price Forecast – December 13

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LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $22, $20, $18

Yesterday, December 12, the price of Litecoin was in a bullish trend. Yesterday, the price of Litecoin fell to the low of $23.56 and commenced a bullish movement. The bulls broke the 12-day EMA but were resisted at the 26-day EMA.

The crypto’s price  immediately fell back to the bearish trend zone. However, if the bearish trend continued the crypto will find support at $23 price level. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto’s price is in a bearish trend. On December 12, the bulls took control of price and break the 12-day EMA and the 26-day EMA to the bullish trend zone. The bulls reached the high of $25.55 but could not sustain their hold above that level.

Later the bears took the price down the previous low. 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 below the zero line which indicates a sell 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.