Published: 2018-11-02 05:58:24
LTC/USD Medium-term Trend: Bullish
Resistance Levels: $66, $68, $70Support Levels: $50, $48, $46
Yesterday, November 1, the price of Litecoin was in a sideways trend. The crypto’s price was fluctuating above the $48 price level and was in the bullish trend zone. Price of Litecoin has been in a bullish trend since yesterday. It has crossed over the $50 price level which was the lower price range. Traders should continue with their long trades.
Price of Litecoin is expected to rise but will face resistance at the $52 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is above 12-day EMA the 26-day EMA which indicates that price is in the bullish trend zone.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, LTC price is in a bullish trend. Price of Litecoin is making a series of higher highs and high lows Price is now above the 12-day EMA and the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates 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.
The views and opinions expressed in the article Litecoin (LTC) Daily Price Forecast – November 2 do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.