Litecoin LTC/USD are trading at 29.21 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $1 852 762 880. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the 30.45 area. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the target below the level of 23.50.
Litecoin Forecast and LTC/USD Analysis January 18, 2019
In favor of lowering LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the fall option will be a strong growth and the breakdown of the area of 32.50. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the lower boundary of the «Triangle» model and the closing of quotes below the level of 27.50, we should expect confirmation of the development of a downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis January 18, 2019 involves an attempt to test the resistance area near the level of 30.45. Where can we expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 23.50. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 32.50. This will indicate the continued growth of cryptocurrency.
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