Litecoin LTC/USD are trading at 89.42 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $5 686 316 455. Moving averages indicate a short-term bearish trend in Litecoin. At the moment, we should expect an attempt to rise and test the resistance level near the area of 107.00. 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 57.00.
Litecoin Forecast and LTC/USD Analysis July 16, 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 upper boundary of the downward channel. 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 80.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis July 16, 2019 involves an attempt to test the resistance area near the level of 107.00. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 57.00. 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.
