Litecoin Gains 4.46% but Stays Below Four Short-Term Averages

Litecoin (LTC) gained 4.46% over a 24-hour period in an Oct. 16 snapshot to $60.92, but the rebound left the token below four short-term moving averages. LTC’s listed 24-hour range was $57.85 to $62.01. The price was below its 7-day simple moving average (SMA) of $61.74, 20-day SMA of $65.88, 12-day exponential moving average (EMA) of $63.00 and 26-day EMA of $63.15. The session high also remained below the first listed resistance level, $62.67; the next was $64.42. The longer-term averages were below the snapshot price. LTC stood above its 50-day SMA of $59.77 and 200-day SMA of $51.91. Listed support levels were $58.51 and $56.10. Momentum readings were mixed. The daily relative strength index (RSI) was 44.01.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.