Litecoin LTC/USD are trading at 78.58 and continue to move as part of the correction and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $4 825 949 118. Sliding averages indicate an upward trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the 84.65 area. From where it is again necessary to expect a rebound and the continuation of the fall of the Litecoin course with a goal below the level of 63.70.
Litecoin Forecast and LTC/USD Analysis April 12, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of LTC/USD quotes falling. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the fall option will be a strong growth and a breakdown of the 95.00 area. This will indicate a breakdown of the upper boundary of the model and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotations below the area of 72.55, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 12, 2019 involves an attempt to test the resistance area near the level of 84.65. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 63.70. An additional signal in favor of Litecoin 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 a breakdown of the 95.00 area. This will indicate a continuation of the rise of cryptocurrency.
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