Litecoin LTC/USD traded at 46.33 and continue to move in growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 519 874 553. Moving averages indicate the upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 41.85 area. Where can we expect a rebound and continued growth of the Litecoin rate with the goal above the level of 53.55.
Litecoin Forecast and LTC/USD Analysis February 20, 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 rising channel. Cancellation of the growth option will be the fall and the breakdown of the 37.55 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance level and the closure of quotations above the 49.65 area, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis February 20, 2019 involves an attempt to test the support area near the level of 41.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 53.55. 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 37.55. This will indicate a continued decline in cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
