Litecoin Forecast and LTC/USD Analysis July 23, 2019

Litecoin LTC/USD are trading at 90.79 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $5 863 538 325. 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 ​​95.05. Where can we expect a rebound again and the continuation of the fall of the Litecoin course with a potential target below the level of 55.00.

Litecoin Forecast and LTC/USD Analysis July 23, 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 the breakdown of the area 110.00. 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 125.00. With the breakdown of the area of ​​support and closing of quotes below 75.00, we should expect confirmation of the development of the downward trend in Litecoin.

Litecoin Forecast and LTC/USD Analysis July 23, 2019

Litecoin Forecast and LTC/USD Analysis July 23, 2019 involves an attempt to test the resistance area near the level of 95.05. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 55.00. 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 area 110.00. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 125.00.


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