October 26 2018 18:18 UTC
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Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (1) Sell (7)"
Litecoin $LTC Forecast
on Friday October 26 2018 18:18 UTC
The crypto pundits say: “bullish/bearish/bearish/”.
Litecoin looks shaky. On the Binance six hour chart today’s 24 hour low of $52.23 breaks the 12 day $52.50 support level. An out of range drop like this suggests there is significantly lessening support for Litecoin.
The four hour MACD (Binance default) is flat lining – not unlike a patient who has temporarily lost their heartbeat. The Relative Strength Index (RSI) is at 43.80 suggesting a slightly undersold value.
The last four days have seen the lowest volume of the quarter.
There appears to be not enough support to sustain the current price, and the critical loss of the longstanding $52.50 support level points to a downward turn.
[legal disclaimer] Just one news report can invalidate a technical analysis.
The author does not hold Litecoin $LTC at the time of writing.
KittyBitcoin’s unique Litecoin $LTC Forecast brings you time-saving & illustrated views. This is balanced with multiple cryptocurrency experts. The links to "Full coverage" let you easily obtain 100% of the analytical depth.
This report was generated on Friday October 26 2018 18:18 hours UTC.
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