Litecoin LTC/USD traded at 76.99 and continue to move within the fall and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 756 901 352. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 73.85 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 80.75.
Litecoin Forecast and LTC/USD Analysis April 23, 2019
In favor of lifting the LTC/USD quotes, a test of the broken trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the growth option will be the fall and the breakdown of the area of 71.05. 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 78.65, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 23, 2019 involves an attempt to test the support area near the level of 73.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 80.75. 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 71.05. This will indicate a continued decline in cryptocurrency.
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