2018-10-3 09:53 |
Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46
Yesterday, October 2, the price of Litecoin was in a bearish trend. The range bound movement above the $60 price level has been broken by this bearish trend. The LTC price has broken the upper level of the previous price range. Price of the digital currency is now approaching the $50 price level which was the previous lower level of price range.
Price may get stalled there or fall to the low of $ 47.67. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, 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 35 which indicates that the market is oversold suggesting bulls to take control of the market.
LTC/USD Short-term Trend: BearishOn the 1-hour chart, the LTC price is in a bearish trend. The digital currency has fallen from its previous high of $60 and price is approaching the $57 price level. The price is Litecoin is now below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates the sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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