Resistance Levels: $66, $68, $70
Support Levels: $52, $50, $48

Yesterday, October 23, the price of Litecoin was in a bullish trend. The digital currency was in a bullish trend after a long period of a downward trend. The crypto’s price is expected to rise but will face resistance at the $54 price level. The cryptocurrency is expected at the upper price level which is the $60 price level.

On the other hand, if the digital currency falls and breaks the $52 piece level; it is likely to revisit the previous lows. 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 price is in the bearish trend zone.

On the 1-hour chart, LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are above the zero line which indicates a buy 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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