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Thread: Litecoin (LTC) Daily Price Forecast – October 18

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    Litecoin (LTC) Daily Price Forecast – October 18

    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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    Any market has its advantages and disadvantages. No market will give you better returns than other. The market that will give you better returns is the market that you trade with great discipline and emotionless.


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