Litecoin LTC/USD are trading at 77.86 and continue to move as part of a fall and a downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 833 768 764. Moving averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 81.00 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 63.00.
Litecoin Forecast and LTC/USD Analysis April 24, 2019
In favor of the fall in LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the fall option will be a strong growth and the breakdown of the 85.05 area. This will indicate a breakdown of the upper boundary of the downward channel and the continuation of the growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotations below the area of 70.65, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 24, 2019 involves an attempt to test the resistance area near the 81.00 level. Where can we expect a rebound and the continuation of the fall of LTC/USD in the area below the level of 63.00. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 85.05 area. This will indicate a continuation of the rise of cryptocurrency.
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