Litecoin LTC/USD are trading at 48.88 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 070 902 853. Moving averages indicate the presence of a bullish trend in Litecoin. At the moment, we can expect an attempt to test the support level near the 46.85 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 56.75.
Litecoin Forecast and LTC/USD Analysis February 22, 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 42.45. 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 51.25, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis February 22, 2019 involves an attempt to test the support area near the level of 46.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 56.75. 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 42.45. This will indicate a continued decline in cryptocurrency.