Litecoin LTC/USD traded at 78.94 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $4 856 729 789. 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 Litecoin rate with the goal above the level of 105.00.
Litecoin Forecast and LTC/USD Analysis April 17, 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 the growth option will be a fall and a breakdown of the 72.50 area. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the area of resistance and the closure of quotations above the area of 88.65, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 17, 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 105.00. 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 a fall and a breakdown of the 72.50 area. This will indicate a continued decline in cryptocurrency.
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