Litecoin LTC/USD are trading at 28.72 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $1 852 361 699. Moving averages indicate a flat trend in Litecoin. At the moment, we can expect an attempt to test the resistance level near the area of 31.50. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 20.90.
Litecoin Forecast and LTC/USD Analysis January 15, 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 34.00. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 26.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis January 15, 2019 involves an attempt to test the resistance area near the level of 31.50. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 20.90. 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 34.00. This will indicate the continued growth of cryptocurrency.
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