Litecoin LTC/USD are trading at 33.67 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $2 085 517 685. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the area of 36.00. Where once again we should expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level 25.50.
Litecoin Forecast and LTC/USD Analysis January 11, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of LTC/USD quotes reduction. Cancellation of the fall option will be a strong growth and the breakdown of the area 39.00. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the lower boundary of the ascending channel and the closing of quotes below 30.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis January 11, 2019 involves an attempt to test the resistance area near the level of 36.00. Where can we expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 25.50. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area 39.00. This will indicate the continued growth of cryptocurrency.
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