Litecoin LTC/USD traded at 79.42 and continue to move in the framework of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $4 913 057 149. Moving averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 76.45 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 95.00.
Litecoin Forecast and LTC/USD Analysis April 18, 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 lower boundary of the «Triangle» model. Cancellation of the growth option will be the fall and the breakdown of the area of 71.55. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotations above the 87.65 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 18, 2019 involves an attempt to test the support area near the level of 76.45. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 95.00. 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 71.55. This will indicate a continued decline in cryptocurrency.
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