Litecoin LTC/USD traded at 95.18 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $6 048 141 956. Moving averages indicate a short-term downward trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the 90.00 area. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with a potential target above the level of 135.00.
Litecoin Forecast and LTC/USD Analysis August 1, 2019
In favor of the growth of LTC/USD quotes, the upward support line test on the relative strength indicator will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of growth option will make the fall and the breakdown of the 75.00 area. This will indicate a breakdown of the support area and a continued decline in the rate of cryptocurrency with a potential target below the level of 65.00. With the breakdown of the resistance area and the closing of quotes above the level of 105.00, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis August 1, 2019 involves an attempt to test the support area near the level of 90.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 135.00. An additional signal in favor of growth of Litecoin will be a test of the trend line on the relative strength indicator. Cancellation option lift will fall and the breakdown of the 75.00 area. This will indicate a continued decline in cryptocurrency with a target below 65.00.
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