Litecoin (LTC) Daily Price Forecast – October 18

[analyst100]

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.

[bristi_]

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.

Thanks for your updates, I like to hold LTC .

[livingfree]

Thanks for your updates, I like to hold LTC .

I'd like to hold LTC as well but I'm very disappointed on how it went down but its not its own fault for going far from its price before. Several months ago it was still good and kicking but now its too much. The whole market is still not that above the price that we've been expecting, when bitcoin hits $10,000 again I think that LTC will follow its path and will reach above price of $100.