Litecoin LTC/USD are trading at 101.62 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $6 434 764 338. Moving averages indicate a short-term downward trend in Litecoin. At the moment, we should expect an attempt to rise and test the resistance level near the area of 110.00. From where it is again necessary to expect a rebound and the continuation of the fall of the Litecoin course with a potential goal below the level of 65.00.
Litecoin Forecast and LTC/USD Analysis July 12, 2019
In favor of the growth of LTC/USD quotes, a test of the downward resistance line on the relative strength indicator will come out. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the fall option will be a strong growth and a breakdown of the 120.00 area. This will indicate a breakdown of the upper boundary of the channel and the continuation of the growth of the cryptocurrency rate with a potential target above the level of 145.00. With the breakdown of the support area and closing of quotes below the level of 95.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis July 12, 2019 involves an attempt to test the resistance area near the level of 110.00. Where can we expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 65.00. An additional signal in favor of Litecoin’s decline is a trend line test on the relative strength indicator. Cancellation of the fall option will be a strong growth and the breakdown of the 120.00 area. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 145.00.
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