Litecoin Price Analysis 16th December

Litecoin Price Analysis 16th December

LTC/USD

Litecoin (LTC) diverted down from the downtrend line on Dec. 14 and again plunged to the help at $42.0599. The bears will presently endeavor to sink the cost beneath this level. In the event that fruitful, the downtrend will continue. The following help on the drawback is $36.
A bullish disparity is framing on the RSI yet it very well may be considered as a legitimate purchase signal simply after the value begins to climb.
On the off chance that the LTC/USD pair skips off the present level and transcends the 20-day EMA, it can climb to $50. A breakout of $50 will flag a conceivable base and can offer a purchasing opportunity.