LTC/USD are traded at 128.30 and continue to move in the framework of the fall and downward channel. Capitalization of LiteCoin cryptocurrencies at the time of publication of the forecast is $8,913,266,482. The moving averages indicate the presence of short-term bearish trends in LiteCoin. Prices went down from the area between the signal lines, which indicates the pressure from the asset sellers and the potential continuation of the fall already from the current levels. At the moment, it is worth an attempt to develop a bovine correction of the value of a digital asset and the resistance test near the region of 136.55. From where it is necessary to expect a rebound down and continue the fall of the LiteCoin rate with a potential goal below 100.55.
Litecoin Forecast and Analysis January 12, 2022
An additional signal in favor of reducing LTC/USD quotations will perform a resistance line test on the relative force indicator (RSI). The second signal will be a rebound from the upper border of the downstream channel. Cancellation of the fall of the coin is a strong increase in the value of the asset and breakdown of the region 150.05. This will indicate the resistance area and the continuation of the growth rate of cryptocurrencies with a potential goal above level 170.55. With a breakdown of the area of support and closure of quotations below level 120.05, it is worth expecting confirmation of the development of bearish trends in LiteCoin.
Litecoin Forecast and Analysis January 12, 2022 suggests an attempt to correction and the test area of resistance near the level of 136.55. Where to expect rebound and continue falling the price of LTC/USD to the area below level 100.55. An additional signal in favor of the Litecoin reduction will be the trend test test on the relative force indicator. The abolition of the fall option will be strong growth and breakdown of the region 150.05. This will indicate the continuation of the cryptocurrency lift with the target level 170.55.
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