Litecoin (LTC) Daily Price Forecast – October 1st

LTC / USD Medium-term trend: variable

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 60, $ 58, $ 56

Last week the LTCUSD swung above the price of $ 55 before starting a bullish movement of up to $ 65. It was later between the levels of $ 61 and $ 65. The bulls and the bears stop to determine in which direction will go the price, given that the market seems quiet.

If the price continues its bearish moves, it will fall in the previous limit zone of $ 50 and $ 60. Meanwhile, the MACD line and the signal line are above the zero line indicating a buy signal. In addition, 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 the level 52 which indicates that the price is in the lateral trend zone.

Short-term trend LTC / USD: variable

In the 1 hour chart, the LTC price is in a lateral trend. The cryptocurrency was fluctuating between the levels of $ 54 and $ 64. The price is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The MACD line and the signal line are below the zero line indicating the sales signal.

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