Litecoin Falls 4.92% as Short-Term Technical Pressure Builds

Litecoin (LTC) fell 4.92% over 24 hours to $62.55 on Oct. 13, remaining below several short-term trend measures while holding above its longer-term moving averages. LTC traded between $59.41 and $65.86 during the session. The price was below the seven-day simple moving average at $63.57, the 20-day average at $67.74, the 12-day exponential moving average at $64.83 and the 26-day average at $63.95. The token remained above its 50-day average at $59.18 and its 200-day average at $51.81. Technical levels identified as support were $59.35 and $56.16, while resistance stood at $65.80 and $69.06. Momentum readings were mixed.