From TokenPost · · 40s
Litecoin price rebounds but stays below key moving averages
Litecoin price rebounds but stays below key moving averages.
In brief
Litecoin price rebounds but stays below key moving averages. Litecoin gained 4.46% to $60.92 but remains below four short-term moving averages. Originally reported by TokenPost.
Litecoin price rebound
Litecoin gained 4.46% over 24 hours to $60.92 in an Oct. 16 snapshot.
Price below four moving averages
The price was below its 7-day SMA of $61.74, 20-day SMA of $65.88, 12-day EMA of $63.00 and 26-day EMA of $63.15.
Momentum readings mixed
The daily RSI was 44.01, MACD line and signal both -0.1480 with zero histogram, and stochastic readings 24.64 for %K and 19.71 for %D.
The bottom line
Litecoin gained 4.46% to $60.92 but remains below four short-term moving averages.
