Litecoin LTC/USD traded at 135.46 and continue to move within the growth and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 465 630 104. Moving averages indicate an upward trend in Litecoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 130.05. Where can we again expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 160.55.
Litecoin Forecast and LTC/USD Analysis June 18, 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 lower boundary of the rising channel. The cancellation of the growth option will be a strong decline and a breakdown of the area of 120.00. 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 quotations 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 18, 2019 involves an attempt to test the support area near the level of 130.05. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 160.55. 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 growth options will fall and the breakdown of the area of 120.00. This will indicate a continued decline in cryptocurrency with a target below 95.50.
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