LTC/USD Medium-term Pattern: Bearish
Resistance Ranges: $66, $68, $70
Assist Ranges: $50, $48, $46
Yesterday, October 9, the LTCUSD pair was in a bearish pattern. Because the digital foreign money falls, it’s approaching the decrease degree of value vary. The digital foreign money just isn’t prone to attain or break the $50 value degree. Worth is prone to reverse on the $55 value degree. If value reaches and reverses at both $50 or $55, then merchants ought to provoke lengthy trades in anticipation of a bullish pattern.
If the decrease degree of value vary is damaged value will attain the low of $ 47.In the meantime, the MACD line and the sign line are above the zero line which signifies a purchase sign. As well as, the worth of Litecoin is beneath the 12-day EMA and the 26-day EMA which signifies that value is within the bearish pattern.
LTC/USD Brief-term Pattern: Bearish
On the 1-hour chart, the LTC value is in a bearish pattern. The LTC value is approaching the worth at $57 in a downward pattern. The value of Litecoin is beneath the 12-day EMA and the 26-day EMA which signifies that value is falling. The Relative Power Index interval 14 is degree 33 which signifies that the market is oversold signaling bear’s exhaustion and suggesting bulls to take management of the market.
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