Published: 2018-11-29 05:34:21
LiteIM Introduces Litecoin (LTC) Payments Through Facebook Messenger's 2 Billion Users

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70Support Levels: $25, $23, $21

Yesterday, November 28, the price of Litecoin was in a bullish trend. The price of Litecoin is now above the 12-day EMA and the 26-day indicating that price is rising. The digital currency has broken the $35 price level and it is fluctuating at that level. Nevertheless, if the $35 price level holds traders should initiate long trades above that price level.

Also, a stop loss order should be placed below the $35 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 above the zero line which indicates a buy  signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto’s price is in a bullish trend. The digital currency is making a series of higher highs and higher lows. Meanwhile, 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. Traders are to ride on the bullish trend as long the uptrend last. They should allow the market to take them out of trading.

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 29 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.

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