Litecoin LTC/USD are trading at 71.61 and continue to move as part of a decline and a downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 556 895 722. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 79.00 area. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 60.65.
Litecoin Forecast and LTC/USD Analysis April 26, 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 82.55 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 67.55, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis April 26, 2019 implies an attempt to test the resistance area near the 79.00 level. Where can we expect a rebound and the continuation of the fall of LTC/USD in the area below the level of 60.65. 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 82.55 area. This will indicate a continuation of the rise of cryptocurrency.
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