Yesterday, December 18, the LTC/USD pair was in a bullish pattern. On December 13, the cost of Litecoin tumbled to its low at a cost of $23.47. The bullish pattern started the next day and broke the 12-day EMA. The crypto achieved the high of $29.88. Be that as it may, it was opposed by the 26-day EMA. Today, the crypto’s cost is in a bearish trend. It is likely that Litecoin will discover bolster at its past low.
This is on the grounds that the general pattern is bearish.The 12-day EMA and the 26-day EMA are inclining southward. The crypto’s cost is beneath the 26-day EMA which tends to fall. On the upside, if value breaks the 26-day EMA, the bulls will confront opposition at the $0.35 value level.
On the 4-hour graph, the cost of Litecoin is in a bearish pattern. The cost of Litecoin was making a progression of higher highs and higher lows the earlier day. From the graph, the bullish pattern has been ended on the grounds that the value never again pursues the example of higher highs and higher lows. Also, when the pattern line is broken the present pattern is said to be switched.
In this way the LTC cost is relied upon to fall. In the mean time, the Stochastic is in the range underneath the 80% territory. This implies the Stochastic is out of the overbought locale and the groups are pointing descending showing a downtrend. It additionally implies that the LTC cost has a bearish energy and a move flag.