Litecoin (LTC) Daily Price Forecast – November 29

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support 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 BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

As we noted technical analysis chooses to ignore everything except the price in its decisions. I am using technical analysis to predict the future price and get profitable from my trades and my broker is Bprimes, the reliable one. Technical strategies aim to predict future prices on the basis of past developments. All that the technical analyst is interested in is the price, and news or data have on his decisions.