Litecoin LTC/USD are trading at 87.45 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 $5 421 806 190. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 83.95 area. From where it is again necessary to expect a rebound and the continuation of the growth of the course Litecoin with the goal above the level of 115.00.
Litecoin Forecast and LTC/USD Analysis April 11, 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 «Triangle» model. Cancellation of the growth option will be the fall and the breakdown of the area of 78.65. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotes above the 100.00 area, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 11, 2019 involves an attempt to test the support area near the level of 83.95. Where can we expect a rebound and continued growth of LTC/USD in the area above 115.00. 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 area of 78.65. This will indicate a continued decline in cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
