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Price analysis Litecoin (LTC) – 2 October

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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, LTCUSD, CryptoCompare chartLitecoin 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, LTCUSD, CryptoCompare chartLitecoin 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.

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