Read Сryptocurrency News



Litecoin (LTC) Price Analysis – October 5



Litecoin (LTC) Price Analysis – October 5
Litecoin Chart by Trading View


LTCUSD Medium-term Trend: Ranging



Resistance Levels: $63, $65, $67                                                                                                                       

Support Levels: $55, $53, $51

The price of Litecoin is in a range bound movement. On September 27, the LTC price reached the high of $64.13. The cryptocurrency was resisted because it was range bound between the levels of $50 and $65. The LTC price fell in a downward trend from September 27 to October 3, 2018. Presently, the LTC price is ranging at the price of $58. 

However, since the price of Litecoin is fluctuating between the range-bound levels, traders should initiate long trades at the price of $58 in anticipation of a bullish trend. Meanwhile, the LTC price is below the 12-day EMA and the 26-day EMA which indicates that a bearish 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 5
Litecoin Chart by Trading View
       

On the 4-hour chart, the LTC price is in a range bound movement. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 indicates that the price is in a sideways trend zone.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.



This article was automatically published by our aggregator and may not contain important advanced information, such as links, images, user tweets and much more. Also, we inform you that the project IntoCryptoNews (ICN Aggregator) - is not the author of this article and may not support the author's opinion of the original article. We strongly recommend that you read the original article on the site:

CryptoGlobe.com





TOP CRYPTO NEWS TODAY


Latest Video News


Price Analysis from CryptoGlobe.com


Popular For The Week


latest Press Releases