LTC/USD Medium-term Trend: Bullish
Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21
Yesterday, November 27, the price of Litecoin was in a bullish trend. The crypto's price has broken the 12-day EMA , the 26-day EMA and has remained above it. The crypto's price is likely to rise, traders are to look out for buy setups and initiate long trades. Then a stop loss order should be placed above the $28 price level.
Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. However, if the bears made a pullback, the crypto's price will fall below the exponential moving averages. And this will lead to price revisiting the previous lows.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, the crypto's price is in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
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