Litecoin LTC/USD traded traded at 46.33 and continue to move in growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 089 300 44. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 45.25 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 55.55.
Litecoin Forecast and LTC/USD Analysis February 21, 2019
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will be made. 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 area 42.30. 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 49.85 area, we should expect confirmation of the development of the bullish trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis February 21, 2019 involves an attempt to test the support area near the level of 45.25. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 55.55. An additional signal in favor of growth Litecoin will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation option lift will fall and the breakdown of the area 42.30. This will indicate a continued decline in cryptocurrency.