Litecoin LTC/USD are trading at the level of 30.12 and continue to move as part of the correction and the formation of a reversal pattern. Cryptocurrency capitalization at the time of the publication of the forecast is $1 936 438 375. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the area of 32.50. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 21.05.
Litecoin Forecast and LTC/USD Analysis January 24, 2019
In favor of reducing the LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the fall option will be a strong growth and the breakdown of the area of 36.50. 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 24, 2019 involves an attempt to test the resistance area near the level of 32.50. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 21.05. 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 of 36.50. This will indicate the continued growth of cryptocurrency.
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