Litecoin (LTC) Daily Price Forecast – October 19

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Yesterday, October 18, the price of Litecoin was in a bearish trend. The crypto’s price fell to the low of $53 and commenced a range bound movement. The digital currency is likely to continue its fall to the $50 price level.

The LTC price is range bound between the levels of $50 and $60. If price reaches the $50 price level which is the lower level of price range, Litecoin is likely to commence a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, LTC price is in a Bearish trend. The MACD indicates that the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.

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

Crypto Destroyer

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