Litecoin Forecast and LTC/USD Analysis February 28, 2019


Litecoin LTC/USD are trading at 43.45 and continue to move as part of the decline. Cryptocurrency capitalization at the time of publication of the forecast is $2 776 482 12. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the 44.45 area. Where can we expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 36.40.

Litecoin Forecast and LTC/USD Analysis February 28, 2019

In favor of the fall in LTC/USD quotes, a test of the downward 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 the fall option will be a strong growth and the breakdown of the 47.85 area. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support level and closing of quotations below the area of ​​39.65, we should expect confirmation of the development of the downward trend in Litecoin.

Litecoin Forecast and LTC/USD Analysis February 28, 2019

Litecoin Forecast and LTC/USD Analysis February 28, 2019 involves an attempt to test the resistance area near the level of 44.45. Where can we expect a rebound and the continuation of the fall of LTC/USD in the area below the level of 36.40. An additional signal in favor of reducing Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 47.85 area. This will indicate a continuation of the rise of cryptocurrency.


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