Before revision: Made up of 80 bits per frame, where there may be 24, 25 or 30 frames per second, LTC timecode varies from 1920 Hz (binary zeros at 24 frames/s) to 4800 Hz (binary ones at 30 frames/s), and thus is comfortably in the middle of the audio frequency range.
After revision: Made up of 80 bits per frame, where there may be 24, 25 or 30 frames per second, LTC timecode varies from 960 Hz (binary zeros at 24 frames/s) to 2400 Hz (binary ones at 30 frames/s), and thus is comfortably in the the audio frequency range.