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Litecoin (LTC) Daily Price Forecast – October 4th

Litecoin price analysis (LTC) 7 September

Medium-term LTC / USD trend: bullish

Strength levels: $ 66, $ 68, $ 70
Support levels: $ 50, $ 48, $ 46

Yesterday, 3 October, the price of Litecoin was in a lateral trend. The digital currency was above the price of $ 57 before embarking on an uptrend. The price of Litecoin is now between the levels of $ 50 and $ 64. Traders should have started long trades at the current market price in order to earn partial profits at the upper end of the price range. The digital currency is currently shifting to the upper level of the price range, although it will be countered at the $ 64 price level.

However, if the digital currency is countered at the higher level of the price, then all long transactions must be closed. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The index 14 of the relative resistance is the level 48 which indicates that the price is in the lateral trend zone.

Short-term trend LTC / USD: bullish

In the 1 hour chart, the LTC price is in an uptrend. The price is Litecoin higher than the 12-day EMA and 26-day EMA indicating that an uptrend is underway. The MACD line and the signal line are above the zero line indicating the purchase signal.

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

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