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Litecoin (LTC) Price Analysis – October 2



Litecoin (LTC) Price Analysis – October 2
Litecoin Chart by Trading View


Litecoin Price Medium-term Trend: Ranging



Resistance Levels: $63, $65, $67                                                                                                                       

Support Levels: $58, $56, $54

In the last four days, the LTC pricehad been in a range bound movement. On September 29, the cryptocurrency had been fluctuating above the $60 price level. One reason is that the LTC price is consolidating for a possible breakout.

The LTC price is still above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is continuing. The MACD line and Signal line are at par with the zero line which indicates a neutral signal.

LTCUSD Short-term Trend: Ranging       



Litecoin (LTC) Price Analysis – October 2
Litecoin Chart by Trading View


On the 4-hour chart, the LTC price is ranging above the $60 price level. The price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone. The Relative Strength Index period 14 is level 47 indicates that price is in a sideways trend zone.

 

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