Litecoin Forecast and LTC/USD Analysis March 21, 2019


Litecoin LTC/USD traded at 57.71 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 692 837 692. Sliding averages indicate a bullish trend in Litecoin. At the moment, we should expect an attempt to test the support level near 55.65. From where it is again necessary to expect a rebound and the continuation of the growth of the Litecoin rate with the goal above the level of 65.55.

Litecoin Forecast and LTC/USD Analysis March 21, 2019

In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the 50.35 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance level and the closure of quotations above the area of ​​62.05, we should expect confirmation of the development of the upward trend in Litecoin.

Litecoin Forecast and LTC/USD Analysis March 21, 2019

Litecoin Forecast and LTC/USD Analysis March 21, 2019 involves an attempt to test the support area near the level of 55.65. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 65.55. An additional signal in favor of the rise of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the 50.35 area. This will indicate a continued decline in cryptocurrency.


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