LTC/USD Medium-term Trend: Ranging
Resistance Levels: $66, $68, $70
Support Levels: $46, $44, $42
Yesterday, October 17, the price of Litecoin was in a sideways trend. On October 15, the digital currency had a price rally which made the price to reach the high of $62 but pulled back to the low of $56. Litecoin had been fluctuating below and above the $56 price level. As the crypto's price is consolidating, the key levels of the market are not evenly apart. Therefore trading is not recommended until when price is out of the range-bound zone.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.
LTC/USD Short-term Trend: Ranging
On the 1-hour chart, LTC price is in a sideways trend. However, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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18-10-2018, 09:54 AM #1
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Litecoin (LTC) Daily Price Forecast – October 18
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23-10-2018, 09:00 PM #2
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Per ottenere maggiori profitti nel mondo degli affari è necessario investire una grande quantità. Ecco perché sto usando la piattaforma di trading di TradesFX. Perché mi stanno offrendo un impianto di leva ad alto volume. Inoltre mi stanno supportando corretti rischi e gestione del denaro. Poiché la leva finanziaria è molto rischiosa. Inoltre hanno facilità variabile degli spread. Fondamentalmente seleziono questo broker considerando la loro funzione di leva e spread. Anche la loro piattaforma di trading è molto sicura per gli investimenti.
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10-01-2019, 10:34 AM #3
I have seen a trend of crypto trading in the West as people are more comfortable with the crypto currencies there. I do not have much knowledge about it but I am researching about them. I am sure I will get a good command on it soon. Thank you for paying attention!
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