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/ Ultima / 2018/10 / litecoin-LTC-price-analysis-October-2 /
Price analysis Litecoin (LTC) – 2 October
litecoin LTC-money-analysis-October-2
- The LTC price will find support for $ 54 if bears break the $ 60 price level.
- If the price breaks, the LTC price will endure at $ 65.
Litecoin chart according to Trading View
Litecoin Price Trend in the medium term: variable
Resistance levels: $ 63, $ 65, $ 67
Support levels: $ 58, $ 56, $ 54
Over the past four days, the LTC price had been in a movement related to the interval. On September 29, the cryptocurrency had been floating above the $ 60 level. One reason is that the LTC price is consolidating for a possible breakout.
The LTC price is still higher than the 12-day EMA and the 26-day EMA which indicates that a bullish 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 goes beyond the price level of $ 60. The price of Litecoin is neither higher nor lower than the 12-day EMA and the 26-day EMA, which indicates that the price is in the lateral trend zone. The period of Relative Strength Index 14 is level 47 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.
