Litecoin (LTC) Daily Price Forecast – October 5th

LTC / USD Medium-term trend: variable

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

Yesterday, October 4, the LTC price was in an uptrend. While in the bullish trend the digital currency reaches the maximum of $ 59.35 and has opposed. The price was expected to end at the resistance of $ 65 because it was the upper level of the price range. Meanwhile, the price is declining and is expected to reach the lowest level in the price range. If it does and the price is reversed, a long trade should be started that should be abandoned at the upper level of the price range.

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 relative strength index 14 is level 43 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 price of Litecoin 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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