Litecoin LTC/USD traded at 141.70 and continue to move within the growth and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 815 624 653. Moving averages indicate the presence of a bullish trend in Litecoin. At the moment, we should expect an attempt to drop and test the support level near the area of 135.65. Where can we expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 160.05.
Litecoin Forecast and LTC/USD Analysis June 13, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the growth of LTC/USD quotes. The second signal will be a rebound from the upper boundary of the rising channel. The abolition of the growth option will be a strong decline and a breakdown of the 125.85 area. This will indicate the breakdown of the channel boundary and the continuation of the fall of the cryptocurrency rate with a potential target below the level of 95.50. With the breakdown of the resistance area and the closure of quotes above the 145.55 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis June 13, 2019 involves an attempt to test the support area near the level of 135.65. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 160.05. An additional signal in favor of growth of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 125.85. This will indicate a continued decline in cryptocurrency with a target below 95.50.
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