Price analysis of Litecoin (LTC) – 1 October

Litecoin chart according to Trading View

LTCUSD Medium-term trend: variable

Resistance levels: $ 63, $ 65, $ 67

Support levels: $ 58, $ 56, $ 54

The LTCUSD price was priced at $ 57 when it had a bullish movement of up to $ 65. With this move, it was out of the previous limit zone of $ 50 and $ 60. Today, the LTC price is fluctuating above the price level $ 60. The price breakout is likely because the price is consolidated above the price level of $ 60. However, if the price falls below this level, the cryptocurrency will fall in the previous area of ​​$ 50 and $ 60.

The price of Litecoin is higher than the 12-day EMA and the 26-day EMA, which indicates that an upward trend continues. The MACD line and the signal line are on a par with the zero line indicating a neutral signal.

Short-term trend LTCUSD: variable

Litecoin chart according to Trading View

In the 4-hour chart, the LTC price is in a movement with an action radius. The price of Litecoin is neither higher nor lower than the 12-day EMA and 26-day EMA, which indicates that the price is in the lateral trend zone. The period 14 of the relative resistance index is level 49 indicates that the price is in a lateral trend zone.

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