Litecoin LTC/USD traded at 42.61 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 702 740 431. Moving averages indicate a bullish trend in Litecoin. At the moment, we should expect an attempt to test the support level near the area of 39.05. Where can we expect a rebound and continued growth of the Litecoin rate with the goal above the level of 50.15.
Litecoin Forecast and LTC/USD Analysis February 12, 2019
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the bullish channel. Cancellation of growth options will fall and the breakdown of the area of 34.55. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the channel and the closure of quotes above the level of 48.05, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis February 12, 2019 involves an attempt to test the support area near the level of 39.05. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 50.15. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the area of 34.55. This will indicate a continued decline in cryptocurrency.
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