Litecoin LTC/USD traded at 81.92 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $5 085 754 586. Moving averages indicate the presence of a side trend for Litecoin. At the moment, we should expect an attempt to test the support level near the 78.05 area. From where it is again necessary to expect a rebound and the continuation of the growth of the course Litecoin with a goal above the level of 98.00.
Litecoin Forecast and LTC/USD Analysis April 16, 2019
In favor of lifting the LTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of growth options will fall and the breakdown of the area 73.00. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the downward channel and the closure of quotations above the 89.05 area, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 16, 2019 involves an attempt to test the support area near the level of 78.05. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 98.00. 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 growth options will fall and the breakdown of the area 73.00. This will indicate a continued decline in cryptocurrency.
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