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Price analysis of Litecoin (LTC) – 31 October

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Price analysis of Litecoin (LTC) – 31 October

litecoin LTC-money-analysis-October-31

  • The price of Litecoin is higher than $ 49, as bulls and bears are undecided.
  • Litecoin's pirce is likely to be uptrend at the end of downward pressure.

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

LTCUSD Medium-term trend: variable

Strength levels: $ 65, $ 67, $ 69

Support levels: $ 47, $ 45, $ 43

Yesterday, the LTCUSD couple was making a bullish movement after the bearish trend. In the last 24 hours, Litecoin has remained without significant price movements. In the shorter period of time, the LTC price is moving horizontally in a movement with a share price of $ 49. From the daily chart, Doji and undecided, the spinning candlesticks are being formed at a price of $ 49.

The Doji and small body candles indicate that buyers and sellers are undecided about where the price will go. Meanwhile, the Stochastic indicator is changing direction in the oversold area. The Stochastic indicates that the trend is reversed because the blue band is above the red band. What remains is that the bands are out of the oversold area. The price of Litecoin is probably in an uptrend.

Short-term trend LTCUSD: variable

Litecoin, LTCUSD, CryptoCompare chartLitecoin chart according to Trading View

On the short-term trend, the price of Litecoin is in a lateral trend. Price action has remained the same over the past 24 hours. The downtrend of Litecoin has been reversed, confirmed by the stochastic indicator. The blue and red bands are out of the oversold area.

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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