Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46

Yesterday, October 4, the LTC price was in a bullish trend. While in the bullish trend the digital currency reaches the high of $59.35 and was resisted. Price was expected to terminate at the resistance of $65 because it was the upper level of price range. Meanwhile, the price is falling and it is expected to reach the lower level of price range. If it does and price reverses, a long trade should be initiated which should be exited at the upper level of price range.

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 a bearish trend is ongoing. The Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

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

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